LIC for 30%+ gains
Date: 5 Oct’24
Stock: Life Insurance Corp of India
Timeframe: Daily
LIC seems to be forming a complex diagonal in Wave V which could end at a minimum level of 1270+ (>30% from current price of 970) as seen in the chart. It could even go higher to around 1400 levels which will be confirmed only as the trend develops.
It seems to have completed Wave B on 4th Oct or may form another lower low to complete it and then move higher in Wave C of V.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
Aida lagata hai ki LIC Wave V mein ek jatil vikarn bana raha hai jo minimum 1270+ ke star (970 kee maujooda keemat se>30%) par samaapt ho sakta hai, jaisa ki chart mein dekh sakte hain. Yeh lagabhag 1400 ke star tak bhee ja sakta hai jiski pushti trend vikasit hone par hi hogi.
Aisa lagata hai ki 4 Oct ko Wave B poora ho gaya hai ya ise poora karane ke lie ek aur nichala nimn bana sakata hai aur phir V ke Wave C mein oopar ja sakata hai.
Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
Stock: Life Insurance Corp of India
Timeframe: Daily
LIC seems to be forming a complex diagonal in Wave V which could end at a minimum level of 1270+ (>30% from current price of 970) as seen in the chart. It could even go higher to around 1400 levels which will be confirmed only as the trend develops.
It seems to have completed Wave B on 4th Oct or may form another lower low to complete it and then move higher in Wave C of V.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
Aida lagata hai ki LIC Wave V mein ek jatil vikarn bana raha hai jo minimum 1270+ ke star (970 kee maujooda keemat se>30%) par samaapt ho sakta hai, jaisa ki chart mein dekh sakte hain. Yeh lagabhag 1400 ke star tak bhee ja sakta hai jiski pushti trend vikasit hone par hi hogi.
Aisa lagata hai ki 4 Oct ko Wave B poora ho gaya hai ya ise poora karane ke lie ek aur nichala nimn bana sakata hai aur phir V ke Wave C mein oopar ja sakata hai.
Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
Related publications
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.