HDFC LIFE INSURANCE COMPANY LI
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Atualizado

Bearish Wedge forming at HDFC Life

130
2 Hour chart shows a bearish wedge forming after a downtrend.
540 would be a good time to sell.
Nota
Turns out the bearish wedge was true. If anyone went short at 530, you can reap profit at 410. Unfortunately, my broker does not allow short selling. Therefore I booked profits at 525.
Nota
Turns out price fell to 465. Now we are seeing a bullish pennant.
Buy when price crosses 522, for a target of 594.
Stop loss at 495.

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