LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move.
We have seen great rally in government run insurance companies like GICRE and NIACL.
LIC has given a breakout of inverted head and shoulders 2 weeks back.
Today, it has crossed its strong supply zone near 750.
We can see ATH levels in this stock soon and above that we can expect 1000+.
Safe entry is near 730-750 with SL of 650.
IDEA SHARED FOR EDUCATIONAL PURPOSES.
We have seen great rally in government run insurance companies like GICRE and NIACL.
LIC has given a breakout of inverted head and shoulders 2 weeks back.
Today, it has crossed its strong supply zone near 750.
We can see ATH levels in this stock soon and above that we can expect 1000+.
Safe entry is near 730-750 with SL of 650.
IDEA SHARED FOR EDUCATIONAL PURPOSES.
Note
New high made!
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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.