After an impressive 50% premium debut, LG India shares are now moving sideways, suggesting a healthy phase of consolidation as the market decides its next direction.
💼 If You Got the Allotment:
Stay patient and hold your position as long as the stock sustains above ₹1647–₹1650. This zone acts as a strong support base.
However, if the stock closes below this range by the end of the day, it could trigger a short-term breakdown — in that case, book your profits and exit smartly.
🚫 If You Missed the Allotment:
Avoid chasing the price! The stock has already listed at a hefty 50% premium, which limits near-term upside potential. Instead, wait for attractive entry zones if the price dips below ₹1647. Ideal buying levels to watch are around ₹1550, ₹1450, and ₹1350, marking 10%, 16%, and 21% corrections from the listing price.
⚖️ Conclusion:
At the moment, LG India is in a ‘wait and watch’ phase — holding above ₹1650 keeps the trend positive, but a daily close below it could invite profit booking.
Trade with patience, not emotion.
💼 If You Got the Allotment:
Stay patient and hold your position as long as the stock sustains above ₹1647–₹1650. This zone acts as a strong support base.
However, if the stock closes below this range by the end of the day, it could trigger a short-term breakdown — in that case, book your profits and exit smartly.
🚫 If You Missed the Allotment:
Avoid chasing the price! The stock has already listed at a hefty 50% premium, which limits near-term upside potential. Instead, wait for attractive entry zones if the price dips below ₹1647. Ideal buying levels to watch are around ₹1550, ₹1450, and ₹1350, marking 10%, 16%, and 21% corrections from the listing price.
⚖️ Conclusion:
At the moment, LG India is in a ‘wait and watch’ phase — holding above ₹1650 keeps the trend positive, but a daily close below it could invite profit booking.
Trade with patience, not emotion.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.