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WaveTalks
Dec 5, 2016 5:33 AM

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

LIC HOUSING FINANNSE

Description

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

Comments
anupminj7
WHATS THE TGT
WaveTalks
@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
sandy
sir today lic seems to give bearish engulfing .sir ji tussi great ho ......................
WaveTalks
@sandy, Market is great -I am just a small guy. Enjoy the markets & have fun.
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