Hi Guys !
• As it is clearly visible from the chart that in downtrend LIC Hsg fin has formed inverse H&S, not only formed but it has break the neckline also with good volume.
• Now to participate in rally wait for another green candle which will also called confirmation candle.
•Once it confirms then enter the trade and target will be 20%-21% from the first broken candle.
• Don't get confuse between target and entry should be after 2nd confirmation candle.
• Stoploss will be low of right shoulder which will be 10%-11%.
***This are all my personal views and thoughts and not any recommendations***
• As it is clearly visible from the chart that in downtrend LIC Hsg fin has formed inverse H&S, not only formed but it has break the neckline also with good volume.
• Now to participate in rally wait for another green candle which will also called confirmation candle.
•Once it confirms then enter the trade and target will be 20%-21% from the first broken candle.
• Don't get confuse between target and entry should be after 2nd confirmation candle.
• Stoploss will be low of right shoulder which will be 10%-11%.
***This are all my personal views and thoughts and not any recommendations***
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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.
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.