LIC - Dipping Down (High Reward Setup)

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

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Target reached successfully. Regards