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quietlife

Bearish Wedge forming at HDFC Life

Short
HDFC LIFE INSURANCE COMPANY LI (BSE:HDFCLIFE)  
quietlife Aggiornato   
BSE:HDFCLIFE   HDFC LIFE INSURANCE COMPANY LI
Chart Patterns
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chartpattern
2 Hour chart shows a bearish wedge forming after a downtrend.
540 would be a good time to sell.
Commento:
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.
Commento:
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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