The stock is down by 20% from ATH, set up look favourable with R:R 1:4
Point consider in analysis:
a. Ascending Triangle
d. Fib level
The entry, exit and stop loss mentioned in chart itself.
Disclaimer : Consult financial advisor
#HDFCLIFE (W):- 758 CMP, LOOKS GOOD FOR MORE UPSIDES :)
1) Rectangle Breakout Done :)
2) Volume Breakout
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
1. MARKET is clearly UPTREND
2. 50%FIB acting as now SUPPORT which was previously a RESISTANCE
3. SIGNALS formed at 50%FIB (SUPPORT):-
(i) PINBAR:-at the TROUGH of LEFT SHOULDER(confirmed by 21MA cross)
(ii) BULL.HARAMI :- at the TROUGH of RIGHT SHOULDER(confirmed by 21MA cross)
INVERSE HEAD & SHOULDER has allready given BREAKOUT @...