HDFC LIFE: NOT A LONG, A FAKE BREAK OUT???

231
1. HDFCLIFE broke the previous ATH at 780 and weekly candle closed above it
2. Retails are excited to look at this and might buy in bulk on Monday.
3. There is a perfectly fitting channel and the channel top near 810.
4. Wait for the price action near the channel.
5. Possibility of a fake break down from the channel top and a great opportunity to short if close below 770 after touching the channel top.
6.So, wait and watch and enjoy the show!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.