HDFC Life: Retest of H&S Pattern

٢٠ يناير ٢٠٢٤

Classical BO failure example. The stock broke out a inverted H&S pattern and now coming to retest the same pattern BO levels.

Retracing to a round level of 600 which will be the exit levels for BO buyers.

Good for long term here. It MAY bounce back from this level.

Entry: 580-595

SL: 500
Target: 740

Disclaimer: Not a buy or sell recommendation. Please consult your financial adviser before investing.

٢٧ يناير ٢٠٢٤

ملاحظة

pattern is in formation but no confirmation till now. Waiting for a double bottom or Inverted H&S pattern to get Entry.

١٦ فبراير ٢٠٢٤

تم فتح الصفقة

Pattern is in making. Any closing above 600 would trigger entry

١١ مارس ٢٠٢٤

تم فتح الصفقة

٣٠ مارس ٢٠٢٤

ملاحظة

SL can now be trailed to new swing low which is 555.