HDFC LIFE INS CO LTD
Short

HDFCLIFE short position

119
The price is respecting upsloping support. However it is approaching horizontal resistance.

Our strategy is to enter short position once the price breaks the upsloping support and back tests it and confirms it as a resistance.

The target: 458.20$

In validation of this thesis would be if the price comes back above the upsloping support

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