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lic housing finance looks bullish in medium term.
LIC HOUSING FINANCE LTD
Long
lic housing finance looks bullish in medium term.
By ParamjitMahapatro
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Updated
Sep 26, 2017
9
Sep 2, 2017
In weekly, price bounced from ascending channel support. sl - 633, tgt1 - 785, tgt2 - 825
hidden bullish divergence formed in weekly.
price reversed near lower bb , which is moving up.
Sep 26, 2017
Note
big red candle formed below lower BB and BB is expanding, looks bearish now,
Sep 26, 2017
Trade closed: stop reached
channel support broken here,
Sep 26, 2017
Note
ew analysis in daily, gives us two counts,
in 1st count wave (iv) is going on,
in.tradingview.com/x/rBUrBqmh/,
it ll get invalid if it closes below wave (i) peak.
alternate count is 5 wave upmove is complete, and correction is going on
Sep 29, 2017
Note
regular bullish divergence seen around support zone, bounce back is likely,
Ascending Channel
Bullish Divergence
support
Trend Analysis
ParamjitMahapatro
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