NeeteshJain

LIC - Dipping Down (High Reward Setup)

Short
NeeteshJain Pro+ Updated   
BSE:LICHSGFIN   LIC HOUSING FINANCE LTD
It is been observed on the Hourly chart that the price action is trending down in a downward wedge or triangle formation, taking support and resistance at the marked trend lines . Now, it has touched the higher trend line or resistance and now it shall retrace and further go down to the support trend line .

Target: 670

Stoploss: 692

RR: 1:3
Trade active
Trade active
Trade closed: target reached: Target reached successfully. Regards
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