Please check the chart and comment if you have any doubts.
Use Bollinger Bands as an indicator in Tradingview. Buy at the lower band and sell at the upper band. This makes trading easy. This is our new recommendation also "HDFC Life" You can buy it NOW and sell it at the upper band. *NOTE: ITS BAND CAN VARY ON TRADING DAYS.*
Inverse Head And Shoulders :-- The price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. Buy - Above 730 TG1-880
If HDFCLIFE breakout the support and trading below 702 then possible further downfall in this stock up to 675. Only Short position if trading below the head and shoulder support.
HDFC life Looking GOOD on Chart
Note: This is for educational purpose only. There seems to be a bullish engulfing at resistance turned support post first pullback. RSI at 58 which indicates some bullish momentum.
Inverted head and shoulder/Cup and handle Breakout on HDFCLIFE Target-1 735 Target-2-950
REVERSAL IN HDFC LIFE . . . WHAT DO YOU THINK ITS INVERTED HEAD & SHOULDER OR NOT ? COMMENT YOUR VIEWS