🕒 Timeframe: Daily | Symbol: NSE:LICI
LIC stock is currently showing a consolidation pattern after a decent rally from previous lows. Price action suggests that the stock is preparing for a directional move. Traders should keep an eye on the following critical levels:
🔹 Support Zone: ₹807 – ₹830
This range has held strong multiple times, indicating buying interest around this zone. A breakdown below ₹723 could lead to a deeper correction.
🔹 Resistance Zone: ₹866 & ₹1000
LIC has struggled to sustain above ₹826. A breakout with volume above ₹866 may lead to bullish momentum toward ₹1000+.
📌 Trading Viewpoint:
✅ Bullish Bias if price sustains above ₹866 & ₹1000 with volume
⚠️ Bearish Below ₹723 (watch for a breakdown retest)
🛑 Disclaimer: This is for educational purposes only. Not financial advice. Do your own research before investing.
#LIC #LICShareAnalysis #LICI #TradingView #StockMarketIndia #SupportAndResistance #NSE #LICBreakout #LICStock #TechnicalAnalysis #SwingTrading
LIC stock is currently showing a consolidation pattern after a decent rally from previous lows. Price action suggests that the stock is preparing for a directional move. Traders should keep an eye on the following critical levels:
🔹 Support Zone: ₹807 – ₹830
This range has held strong multiple times, indicating buying interest around this zone. A breakdown below ₹723 could lead to a deeper correction.
🔹 Resistance Zone: ₹866 & ₹1000
LIC has struggled to sustain above ₹826. A breakout with volume above ₹866 may lead to bullish momentum toward ₹1000+.
📌 Trading Viewpoint:
✅ Bullish Bias if price sustains above ₹866 & ₹1000 with volume
⚠️ Bearish Below ₹723 (watch for a breakdown retest)
🛑 Disclaimer: This is for educational purposes only. Not financial advice. Do your own research before investing.
#LIC #LICShareAnalysis #LICI #TradingView #StockMarketIndia #SupportAndResistance #NSE #LICBreakout #LICStock #TechnicalAnalysis #SwingTrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.