This stock has been in an uptrend since the past month, thus, it will be showing some correction. The stock is forming an ascending wedge which is a sign of weakness in the price action. The price has not been able to push past the resistance level i.e. 608-610 level.
The price is going to move towards the 565-570 level. Thus, I would insist no fresh position should be acquired at this point.
According to fibonacci retracement, the price is bouncing up and down in the 23.6% level but further uptrend is highly unlikely. HDFC Life will be bearish for the next 5-6 trading sessions. Acquire fresh positions once the uptrend is confirmed.
Thanks
P
The price is going to move towards the 565-570 level. Thus, I would insist no fresh position should be acquired at this point.
According to fibonacci retracement, the price is bouncing up and down in the 23.6% level but further uptrend is highly unlikely. HDFC Life will be bearish for the next 5-6 trading sessions. Acquire fresh positions once the uptrend is confirmed.
Thanks
P
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.