LICHSHGFIN BREAKING OUT OF FALLING WEDGE PATTERN Long

LIC HOUSING FINANCIAL FUTURESNSE

Description

⋅ Apr 7, 2022 4:54 AM

SUMMARY:-
*stock is breaking out of falling wedge pattern
*also stock is on the verge of breaking its 200-ema
*stock can see massive short-covering above 400

LICHSGFIN CASH
BUY@391-393
STOP@383
TARGET@407-414-421

*if stock breaks back into pattern then pattern has failed
*so risk reward ratio is good
*week chart indicates big moves above 420

NOTE:
*do not over trade
*manage risk and manage risk appetite
*channel trade active since morning
*check link in the signature box below

Trade active

⋅ Apr 8, 2022 4:01 AM

STOCK LOOKING GOOD TRADING ABOVE 200-EMA
A WEEKLY CLOSE ABOVE 410 WILL OPEN ABOVE TARGET OF 425-430