NeeteshJain
Long

LIC HOUSING - Bullish RSI Divergence at Support Zone

BSE:LICHSGFIN   LIC HOUSING FINANCE LTD
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
T2-630
SL-572
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.
snapshot
Comment: It turns out to be a big breakout
snapshot

Thanks
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.
Reply
Excellent call. I have been following the scrip since your post and it turned out to be a superb analysis !!!
+1 Reply
@ShanTrader, Thanks mate, hope you added value to your trading experience. Regards
Reply
ShanTrader PRO NeeteshJain
@NeeteshJain, Surely it did !! At point is re-entry for Target 2 ?
Reply
nice setup :D
+1 Reply
NeeteshJain TOP AkshatPatwa
@AkshatPatwa, Yes, it worked out very well. Thanks
Reply
585... close above 600 confirms the trend change....
Reply
NeeteshJain TOP nageshbabukb
@nageshbabukb, Yes, rightly said.
Reply
its a long trend to buy
+2 Reply
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