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ParamjitMahapatro

lic housing finance looks bullish in medium term.

Long
LIC HOUSING FINAN (NSE:LICHSGFIN)  
ParamjitMahapatro Updated   
NSE:LICHSGFIN   LIC HOUSING FINAN
Trend Analysis Ascending Channel support Bullish Divergence
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trendanalysis ascendingchannel support bullishdivergence
In weekly, price bounced from ascending channel support. sl - 633, tgt1 - 785, tgt2 - 825

hidden bullish divergence formed in weekly.
snapshot

price reversed near lower bb , which is moving up.
snapshot
Comment:
big red candle formed below lower BB and BB is expanding, looks bearish now,
snapshot
Trade closed: stop reached:
channel support broken here,
snapshot
Comment:
ew analysis in daily, gives us two counts,

in 1st count wave (iv) is going on,
snapshot
it ll get invalid if it closes below wave (i) peak.

alternate count is 5 wave upmove is complete, and correction is going on
snapshot
Comment:
regular bullish divergence seen around support zone, bounce back is likely,
snapshot
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