Caution: Market is in sideways and choppy for the few sessions and expected to continue for a few more sessions. So trade carefully.
Based on my "xRAM-Creator" predictive trading methodologies, its going to be a GREEN candle on 21-Jun-2018 for LICHSGFIN
Buy Above(5Min candle close): 497.2 for targets -
T1: 500.9
T2: 503.2
T3: 505.5
SL: 493.2
Note: These ...
NSE:LICHSGFIN Daily chart. RSI default making lower highs while price hitting lower lows, So this is actually a good RSI Classical Positive divergence. Stock might see an uptrend above 490. Stops would be below recent low (460) on daily candle closing basis.
BSE:LICHSGFIN LIC Hsng Fin, Fell from 161.8% of Fibo Extension & Now holding C zone also 2015/16 Support zone. Some demand is seen at this level (Nice bullish candle). Outlook will be bullish with recent low (460) as stop.
It has been observed that the price action trending in a down rally but now indicating a reversal due to Bullish RSI divergence, where RSI forming higher high and price action forming lower lows. Now, it shall further move up to the bigger downward trendline at around 640 levels.
T1- 610
T2-630
SL-572
NSE:LICHSGFIN, CMP 622, has made Head & Shoulder pattern and may lead to a big fall now.
However we may see some retracement, to 640-680, before the action.
Short setup
Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520
Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade ...
Symmetric Triangle on Lichsgfin and it may break either side.
Trade Long:
Entry - 749
Exit - 785
Stop loss - 733
Trade Short:
Entry - 733
Exit - 697
Stop loss - 749
It is been observed on the Hourly chart that the price action is trending down in a downward wedge or triangle formation, taking support and resistance at the marked trend lines. Now, it has touched the higher trend line or resistance and now it shall retrace and further go down to the support trend line.
Target: 670
Stoploss: 692
RR: 1:3
Symmetric Triangle formation on LICHSGFIN and it may break on either side. I have mentioned some levels for trading.
Levels for Long:
Level 1 - 569
Level 2 - 581
Level 3 - 593
Level 4 - 608
Levels for Short:
Level 1 - 547
Level 2 - 531
Level 3 - 517
Level 4 - 505
"Happy Trading"
