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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.