LICI | Weekly Chart | Basing pattern
Updated
Chart analysis:
Pattern: Basing pattern is formed. Currently, consolidation is happening near breakout zone.
Breakout: Basing pattern is about to breakout the All Time High (ATH) price after 1.5 years.
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 950.05 price break candle.
Stop loss: Below 866
Target 1: 1310.95
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Pattern: Basing pattern is formed. Currently, consolidation is happening near breakout zone.
Breakout: Basing pattern is about to breakout the All Time High (ATH) price after 1.5 years.
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 950.05 price break candle.
Stop loss: Below 866
Target 1: 1310.95
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Note
Waiting for the price to close above 950.05 to initiate the trade.
Disclaimer
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