LICHSGFIN | Double bottom with RSI divergence 8% to 15% (2H TF) Long

LIC HOUSING FINANNSE

Description

⋅ Jun 25, 2021 6:59 AM

LICHSGFIN | Double bottom with RSI divergence (W pattern) for 8% to 15%
(2 Hours time frame)

CMP : 466 (Dip : 459)
SL : 450
Target : 506, 535

Almost 1:4+ risk reward setup

This is a small seperate trade, old weekly chart is still good for long time. Consider this as a seperate new trade

Comments

tbgokani

⋅ Jul 8, 2021 7:37 PM

If in a day chart, you see from 8 jan, can you see reverse head and shoulder pattern is creating. Now its creating 2nd shoulder !!. I can be wrong, I just started technical analysis so. Whats your views?

apritmani6

⋅ Jul 1, 2021 4:57 PM

when it will give the breakout

mahi16

⋅ Jun 28, 2021 12:56 AM

nice set up

asakashsharma90

⋅ Jun 26, 2021 2:59 PM

Very nice setup with higher time frame. Looking good.

Ninad0011

⋅ Jun 26, 2021 8:20 AM

shall i take a swing trade

ranjanp9040

⋅ Jun 27, 2021 4:26 AM

@Ninad0011, yes

akrock861

⋅ Jul 8, 2021 3:28 PM

@Ninad0011 wait it will come to 430