LICHSGFIN today had taken its previous multi year support at 385 level by making low of 388 and had a come back closing at 401 level. Trend of the market looks reversed as of today and hopefully if it bulls market then the stock should reverse from here. Holding the stock. Happy Trading to All.
A little practice chart from zoom homework. Best Alignment I could do was 219 by 12th Sept. Which I know would be dire straights lol. There are some other notable targets but the way the measurements kept fractalizing was rather intriguing.
As per my Technical it shows Range Breakout and First time give good closing above consolidation range in weekly
Good to buy at CMP 599
CLBS 520
Tgt 700 800 900++
Trend is confirmed with Multiple break out with rsi is between 50 to 60 and horizontal trend line has broken, and 400 to 420 zone acting as the strong support zone
Stocks is consolidating for last 4 weeks near breakout zone. It has also give one shakeout. Further long term down trending line is near verge of breaking. It may be bought at 515 with SL of 484
In 15minutes chart, we can clearly see the breakout in HDFC. The breakout will clearly touch our targets, the short term target is 1800 and the positional target will be 1925.
HIGH RISK CALL - BUY LICHSGFIN BETWEEN 400 - 403 TARGET 430, 440 & 460 STRICT CLOSING SL BELOW 384.
NOTE - A CLOSE BELOW 384 WILL BE VERY NEGATIVE FOR THE STOCK.
