- LIC Housing Finance is currently trading at 723
- I can see an FVG in LIC Housing Finance that can make LIC Housing Finance retract lower
- I will be possibly looking for entries around that area
- Invalidation below the long-short ratio
it is a swing trade for 2-3 months.
entry activated you can go long
risk reward 1:4
target and stop loss is mentioned there
follow risk management
do your own analysis
do workout
do meditation
start reading books
Strength :-
Growth in Net Profit with increasing Profit Margin (QoQ)
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Tiredness :-
Red Flag: High Interest Payments Compared to Earnings
Negative Breakdown Third Support (LTP < S3)
Companies with High Debt
Inefficient use of...
LIC housing seems good on weekly chart by breaking falling trendline and closed above on that, looking bullish on RSI indicator too giving positive bullish divergence by breaking previous resistance on it so we can see a good up move in this counter.
Cause of long-:
1- Falling trendline breakout.
2- RSI breakout.
LIC Housing Finance looks good to buy if sustain above 406 for the upper marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Just trying it for first Time. LIC has given a breakout with huge volume so one can take the entry at CMP. Marked some of the Important levels my first target is 425 and then second target could be 450 it can also touch its 52 week high. keep a eye.
Intraday pick for Tomorrow - 03-01-2022
Stock name : LICHSGFIN
Time frame : 15 minutes
Wait for proper breakout and retest for entry.
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Hello traders, deepakntr achieved its target when gave a breakout of the H&S pattern in a single day.
Next stock I am focused on is lichsgfin, it has seen a good correction in the past weeks and have retraced back to the golden ration or zone.
On weekly timeframe it took support on 61.8% fib and bounced back
Above the flip level
Bounced back from demand zone
RSI...
LICHSGFIN as per monthly chart analysis has good support at 385 level even in three previous occasions for the stock to reverse and it has three major resistance 443, 460 and 490 level. once all these are broken then the stock will fly up to 550 - 600 levels.
