LIC inverted Head & Shoulder pattern
We can clearly see a inverted head & shoulder pattern in LIC.
Long term trend looks bullish, I know not strongly bullish but yeah it is bullish, so we can take a short term trade for a week to 10 days long.
1st target ROI will comes around 2.8% and 2nd target ROI comes around 4.7%, which considered for a week to 10 days trade is a very atrractive return.
SL can be placed at 1020 levels which comes to around minimum 1:1 risk to reward which is quite decent.
Long term trend looks bullish, I know not strongly bullish but yeah it is bullish, so we can take a short term trade for a week to 10 days long.
1st target ROI will comes around 2.8% and 2nd target ROI comes around 4.7%, which considered for a week to 10 days trade is a very atrractive return.
SL can be placed at 1020 levels which comes to around minimum 1:1 risk to reward which is quite decent.
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