Weekly chart. Hammer after downtrend @ support level. Bullish candle after the hammer. Good risk reward ratio. Target 750 in 6-8 Weeks. Stop (Exit) below 595 on weekly candle closing basis.
Symmetric Triangle on Lichsgfin and it may break either side.
Trade Long:
Entry - 749
Exit - 785
Stop loss - 733
Trade Short:
Entry - 733
Exit - 697
Stop loss - 749
It is been observed on the daily and weekly chart that the price action consolidating within a triangle formation for last five months and now it has finally broken above the trend line and indicating a further bullish move ahead.
Target 1: 580
Target 2: 600
Stoploss: 550
