short term trgt 490-590 no need of sl but need patience
long term trgt 800+
this is our second entry in lic
reasons for this buy 🔹lic ready for a massive movement 🔹means it's ready for weekly breakout,in this session can see a breakout . 🔹in the previous session we seened a small result trade in the stock.but this time weekly breakout really gonna happen.So keep it on radar guys. 🔹interesting results publishing stock. 🔹also the previous budget talked about housing finance. 🔹something cooking in the chart,it was the right time to enter.and the stock in a weekly support zone. 🔹perfectly respecting down channel once it broke can see 🚀🚀🚀
Please update your analysis now whn stock is back at 415 level .. time to buy wait.. will it bounce back..?
apritmani6
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sir I purchase it at 490 should I hold or exit and there is a news of buy back it will affect the price?
sivakumarshanmugam2390
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sir Time period for short term target?
ANKITHSHAJU
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@sivakumarshanmugam2390, What!!!!!!!!! u can see my target. my first trgt was 490 second 590 and final one was 800++
now it's running with good profits ,almost 150 points within around 1 month.
and why u asking time period for short term trgt.
gunit_kar2007
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Wow lic will hit circuit like pnb no stopping it can reach 1000 thanks Ankit sir
ANKITHSHAJU
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@gunit_kar2007, 800+ possible but it may take time.I think LIC listing highly postive and can see more upside in that time.dont sure.
YudhishtherGautam
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Perfect analysis... I just would like to add when the price was increasing recently look at the volumes (were high) while when the price was coming down volumes were on lower side which indicates that not many ppl want to bring the the price lower and price will go up high again.