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M92_S
Oct 6, 2021 3:46 PM

LIC HSF FIN Head and shoulder pattern? Short

LIC HOUSING FINANNSE

Description

- Weekly time frame
- formation of Head & Shoulder pattern?
- Not great fundamentals on results since last 2 quaters
- upcoming earnings results on 20thOct,21'
- Supports/Targets at : 353.15/318/254.30
- Views?
Comments
LearningJoe
Sirji, Qu is if the neckline is breached or still to breach ? At what level as per you ? My limited knowledge or rather lack of it indicates neckline @ 379. Can you pl clarify & help ?
M92_S
@LearningJoe, It could also be @381/376.. I have also taken into consideration historical support levels from 2018'. So if these levels are already broken with high volumes.. one can simply enter early and hold as per individual risk reward appetite. Please note I am not sebi registered and none of the ideas are recommendations.
LearningJoe
@M92_S, Thanks for clarific'n.
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