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Mayur_Undale
Jun 29, 2020 4:13 PM

LIC Hsg Fin_Short Call Short

LIC HOUSING FINANNSE

Description

Date: 29 June 2020
LIC Hsg Fin (CMP 264.55)
Head and Shoulders pattern is completed. Stock has today moved below the 20 & 50 DEMA. It is already trading very lower to 200 DEMA.

RSI is going down below 50.

Target: T1- 255, T2- 245, T3- 235; SL- 275

Target Date: 09 July 2020

Order cancelled

SL hit

Trade closed: stop reached

Comments
Mayur_Undale
Date 01 July 2020: Govt putting liquidity in NBFCs and HFCs. Due to this the stock is moving up, against its chart pattern.
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