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NeeteshJain
Nov 12, 2017 12:20 PM

LIC HOUSING - Bullish RSI Divergence at Support Zone Long

BSE:LICHSGFIN1D
LIC HOUSING FINANCE LTD.BSE

Description

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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

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Keeps this one for tomorrow's watchlist, may see a big movement in it. Thanks

Trade active

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Trade active

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Trade active

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Holding tight in downward markets, waiting for markets to turn to rally

Trade active

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Breaking downward trendline consolidation on the 15 mins, now a good movement expected from here on.

Comment

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It turns out to be a big breakout

Thanks

Trade active

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Crossing 600 levels.

Trade closed: target reached

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Target 1 reached successfully today.
Candlestick AnalysisSupply and DemandOscillatorslicrsi_divergence
Comments
maklocation
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its a long trend to buy
NeeteshJain
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@maklocation, Yes, it is about to change trend, currently accumulation happening at support zone. Thanks
maklocation
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@NeeteshJain, The exact trend is tis :
NeeteshJain
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@maklocation, It looks like a sharp correction from top. Now, it shall recover from here on.
ShanTrader
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Excellent call. I have been following the scrip since your post and it turned out to be a superb analysis !!!
NeeteshJain
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@ShanTrader, Thanks mate, hope you added value to your trading experience. Regards
ShanTrader
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@NeeteshJain, Surely it did !! At point is re-entry for Target 2 ?
MrAkshatP
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nice setup :D
NeeteshJain
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@AkshatPatwa, Yes, it worked out very well. Thanks
MayuriRaval
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Smart Thinking.....
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