AbhishekHSinghCMT

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

Short
NSE:LICHSGFIN   LIC HOUSING FINAN
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

Trade active: 21:42 Hrs 13th Dec2016

Last Price@552

Moving in the desired direction

Trade active: 22:11 Hrs 13th Dec2016

Last Price@552

Latest Update on LICHSGFIN


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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