AbhishekHSinghCMT
Short

LICHSGFIN- 170 Points + love the game of ABC- Moving Down in C

NSE:LICHSGFIN   LIC HOUSING FINAN
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4
301 4
Heading into C-Wave Down
First, it was A-wave down from 590's-600's to 470's then B-wave traded between 520's to 560's & Likely we get C-wave down below 470's into the support zone 430-440's- but as if it is premature.

Recent top@575 could be B-wave top & premature as we will for some more price actions.

Short Term Opportunity
Going below rising trendline shall be short term sell opportunity into the zone 540-545's then we will wait for bounce if that bounce respects the top@575-576 then that should be taken as a bigger sell opportunity in coming sessions.


Shall be searching for selling opportunity- gave us Wave-A

Hidden Bullish Divergence- Gave us B-Wave from 520's to 560's

Dec 13
Trade active: 21:42 Hrs 13th Dec2016

Last Price@552

Moving in the desired direction

Dec 13
Trade active: 22:11 Hrs 13th Dec2016

Last Price@552

Latest Update on LICHSGFIN

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
WHATS THE TGT
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@anupminj7, Looks like B-wave is not done yet & look to sell close to 595-605 zone if it jumps upside holding 540-550 downside
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sir today lic seems to give bearish engulfing .sir ji tussi great ho ......................
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@sandy, Market is great -I am just a small guy. Enjoy the markets & have fun.
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