LIC - Dipping Down (High Reward Setup)
Updated
It is been observed on the Hourly chart that the price action is trending down in a downward wedge or triangle formation, taking support and resistance at the marked trend lines. Now, it has touched the higher trend line or resistance and now it shall retrace and further go down to the support trend line.
Target: 670
Stoploss: 692
RR: 1:3
Target: 670
Stoploss: 692
RR: 1:3
Trade active
Trade active
Trade closed: target reached
Target reached successfully. Regards
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