HDFC life has given proper Inverse Head and Shoulder Breakout.
First target - 780
Final target - 975
We might see some good resistance around 740.
This is not a trade call. It is just my personal opinion. Take your SEBI advisor advice before investing/trading.
SCRIPT 52 WEEK HIGH @ 2457
CMP @ 2400
BULLISH BAT COMPLETION LEVEL @ 1700
OVERALL ALL OSCILLATORS SHOWING NEUTRAL OUTLOOK
SALE NEAR CMP LEVEL KEEPING 52WEEK HIGH 2457 AS STOP WITH TARGETS
Granules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.
It is above all the major Moving Averages (20,50,100,200)
A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.