Lic
LICHSGFIN KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for LICHSGFIN :
Upper Breakout~
First Target~
Interim Resistance~
Final Resistance~
**Lower Levels**
Lower Breakout~
First Target~
Interim Support~
Final Support~
Please trade with caution and consult your financial adviser before trading.
LIC Housing Finance is getting ready for next down waveLIC Housing Finance has been moving in very nice parallel channel for a long but it’s looking week on daily chart so there is high probability it can break channel.
After it breaks channel, if you want you can wait for confirmation on 1 or 4 hour chart for red bearish candle.
TP is 516, If it breaks below 510 target are 502, 487
If your idea matches mine open short, I will keep you posted as price moves. If you like my Idea give it a thumbs up that all my reward my work and keeps me motivated to push new ideas.
LICHSGFIN Chart Study...Guys LICHSGFIN makes new trend keep watch the trend line then enter the trade...
Entry Zone Above 562 or below 540
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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MyAlgo: xRAM-Creator: Intraday call: 21Jun-LICHSGFIN-LongCaution: 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 calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
LIC HOUSING - Bullish RSI Divergence at Support ZoneIt 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
LIC - H&S DoomNSE: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 triggers). This will help minimize the risk
LIC - Dipping Down (High Reward Setup)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 - NEUTRALSymmetric 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"