vanathi

LICHSGFIN - Decending Triangle!

NSE:LICHSGFIN   LIC HOUSING FINAN
Price action has formed a descending triangle and broken the support at 720 - 727 levels. Close below 720 will make the price to move towards it next support at 670. On the other hand price may trend in a range between 722 - 750.
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you should wait for another red candle for confirmation I have made such many mistakes when pattern breaks in intraday but it is false breakout and next day stock retrace below it breakout level
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vanathi TOP kunjanjd4141
@kunjanjd4141, Yes. Thats why I have mentioned close below 720.
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