Medi_Trading

HDFCLife - Long

Long
NSE:HDFCLIFE   HDFC LIFE INSURANC
HDFCLife within a Broadening Wedge Pattern seems all set to go long for targets 674 & 700 with SL @ 634.
Comment: Though, HDFCLife tried all SLs throwing everybody out before making it's move. As suggested in the comment below, a fresh trade was entered @ 645 and now HDFCLife made a high of 667, pretty close to out first target of 674.
Comment: Trailing SL to 655 now.
Trade closed manually: Trailing stop loss taken out.