Perfect reverse H&S pattern
If any one wants to buy stock for long term, then go with HDFC-Life. It has potential to go till 950-1000. Reasons are :
a) Forming HH-HL on monthly time frame means it's an uptrend.
b) Forming reverse H & S on weekly time frame whose neckline is 645-650.
c) Option B becomes very strong because of option A.
d) Above 200-DMA & 200-EMA on (15min, 30 min, 1hr, daily & weekly) and above 50-DMA on (15min, 30min, 1hr, daily & weekly).
e) Because of Covid ( people are getting insured now a days).
Regards.
Max Target - 950-1000
SL 525
a) Forming HH-HL on monthly time frame means it's an uptrend.
b) Forming reverse H & S on weekly time frame whose neckline is 645-650.
c) Option B becomes very strong because of option A.
d) Above 200-DMA & 200-EMA on (15min, 30 min, 1hr, daily & weekly) and above 50-DMA on (15min, 30min, 1hr, daily & weekly).
e) Because of Covid ( people are getting insured now a days).
Regards.
Max Target - 950-1000
SL 525
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