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ReviveTraders
Jan 7, 2021 7:21 AM

LICHSGFIN | Simple Price Action Trendline Break 🎯 Long

LIC HOUSING FINANNSE

Description

Positional Trading opportunity ! Weekly Chart Alert !!!

--Buy Above =395.10 or CMP
--Target = 486.70 | 573.10
--Stop-loss = 331.20
--Lot Size = 2000
--R:R = 2.79
--Expected Profit = 3,56,000₹ per lot (45 % )
--Expected Holding = 1-3 Months only

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Technical Reasons to trade or Strategy applied :-

1) Trendline & resistance Broken at the same time
2) volume is good as of now
3) Retracement could happen
4) Target is totally based on the resistance zone


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Comment

stock is planning to retest the support levels ...wait for the perfect entry

Trade closed: target reached

1st Target reached

bought @ 395
booked @ 486.70
pints earned =91
lot size = 2000
PROFIT booked per lot =1,82,000 ( 23.30% )

Safe traders can book full ....rest modify their Sl to cost
Comments
champvimal
Great analysis boss. If we have to buy an option for Jan month, will equivalent 470 target be achieved in Jan itself? If not, please advise which option CE would you have recommended for what target. Thanks!
ReviveTraders
@champvimal, thank you sir ...i have bought in cash ...i don't trade options
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