LIC HOUSING - Bullish RSI Divergence at Support Zone

It has been observed that the price action trending in a down rally but now indicating a reversal due to Bullish RSI divergence, where RSI forming higher high and price action forming lower lows. Now, it shall further move up to the bigger downward trendline at around 640 levels.

T1- 610
Comment: Keeps this one for tomorrow's watchlist, may see a big movement in it. Thanks
Trade active
Trade active
Trade active: Holding tight in downward markets, waiting for markets to turn to rally
Trade active: Breaking downward trendline consolidation on the 15 mins, now a good movement expected from here on.
Comment: It turns out to be a big breakout

Trade active: Crossing 600 levels.
Trade closed: target reached: Target 1 reached successfully today.
What's the latest do you see in the LIC charts.
Excellent call. I have been following the scrip since your post and it turned out to be a superb analysis !!!
+1 Reply
NeeteshJain ShanTrader
@ShanTrader, Thanks mate, hope you added value to your trading experience. Regards
ShanTrader NeeteshJain
@NeeteshJain, Surely it did !! At point is re-entry for Target 2 ?
nice setup :D
+1 Reply
NeeteshJain AkshatPatwa
@AkshatPatwa, Yes, it worked out very well. Thanks
585... close above 600 confirms the trend change....
NeeteshJain nageshbabukb
@nageshbabukb, Yes, rightly said.
its a long trend to buy
+2 Reply
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