An inverted Head and Shoulder pattern can be seen on the weekly charts of LIC HOUSING FIN. A long trade can be taken if it breaks the line and sustains. (OPEN CHART FOR DETAILED VIEW)
I would suggest a long swing trade with following levels.
Entry: Around 480 on closing basis
Target 1: 515-517
Target 2: 550-553 (Weak target, can be broken easily)
Target 3: 585
Target 4: 628-630
Stop Loss: 455
TRAIL STOP LOSS
MACD BULLISH
VOLUMES CHECK
Thanks
FOLLOW IF YOU LIKE IT
I would suggest a long swing trade with following levels.
Entry: Around 480 on closing basis
Target 1: 515-517
Target 2: 550-553 (Weak target, can be broken easily)
Target 3: 585
Target 4: 628-630
Stop Loss: 455
TRAIL STOP LOSS
MACD BULLISH
VOLUMES CHECK
Thanks
FOLLOW IF YOU LIKE IT
Trade active:
Approaching entry point, keep a look. Risk takers can enter at CMP.
Trade closed: target reached:
ACHIEVED TARGET 1 IN JUST 3 DAYS!!!
9.8% RETURN IN JUST THREE DAYS!!!!!!
TARGET 2 IS ON!!!!
9.8% RETURN IN JUST THREE DAYS!!!!!!
TARGET 2 IS ON!!!!