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Chartworld1

HDFC Life- Looks weak

Short
HDFC LIFE INSURANC (NSE:HDFCLIFE)  
Chartworld1  
NSE:HDFCLIFE   HDFC LIFE INSURANC
Chart Patterns
1
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chartpattern
HDFC Life is looking weak as it is forming head and shoulder pattern near 200 EMA. If breakdown is confirmed then a trade with 1:3 (R:R) can be taken.

I would wait for RS in 2 hour time frame to turn negative before taking trade.
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