After making a cup n handle formation LICI is holding up near 50EMA and above 200EMA since last 25 trading sessions, this 615-635 level is also a retesting zone of support area after a Breakout of Cup n Handle formation. Thus we may consider this phase as cool-off period prior to a fresh Breakout. Levels are mentioned on Chart itself.
As Stop Loss is very small here, this trade suits me.
Do comment below if you have any opinion.
Happy Investing :)
As Stop Loss is very small here, this trade suits me.
Do comment below if you have any opinion.
Happy Investing :)
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