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Kautilya_Sharma

HDFCLIFE. Inverse Head and Shoulder

Long
HDFC LIFE INSURANC (NSE:HDFCLIFE)  
Kautilya_Sharma Updated   
NSE:HDFCLIFE   HDFC LIFE INSURANC
Chart Patterns Head and Shoulders Trend Lines hdfclifelong
3
1
chartpattern headandshoulders trendline hdfclifelong
HDFCLIFE.
An inverse Head & Shoulder is visible on the daily time frame. The neckline is around 630-640 region. One should wait for the price to break the slanting trendline and then enter for the targets of 700 (short term) and long term target of 850 (according to Inverse Head & Shoulder).
Comment:
Now start trailing your stop loss above cost around 670. It's gonna perform really well if the markets do not show any sharp correction.
Trade closed: target reached:
Book 50% and trail rest with SL @680
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