Hello traders, deepakntr achieved its target when gave a breakout of the H&S pattern in a single day.
Next stock I am focused on is lichsgfin, it has seen a good correction in the past weeks and have retraced back to the golden ration or zone. On weekly timeframe it took support on 61.8% fib and bounced back Above the flip level Bounced back from demand zone RSI is above 45 MACD above signal line
Buy above 370 Targets mentioned in the chart above
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
It has made head and shoulder pattern and broke neckline.. clearly visible in weekly chart.. It is trading below 200 MA as well..
this_is_shoaib
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@Debu1984, Hi debu thanks for the comment and reaching out, I understand your pov and I am not saying that it is wrong but according to me the pattern has failed to break the neckline if you made H&S from swing low. But it is a game of probability so I need to see how the trade works out and es it sure is below 200 ma but I am anticipating a small retest.