Lichousing
LIC Housing Finance: Double trouble resistanceLIC HSG FIN
Closing price 261.85
Observations
- Gap zone created on 4th May 2020
- stock faces resistance exactly at gap levels
- broken the channel in the process
- zone of 251-254 may provide some support
- once that level is taken out the stock may come towards the green line
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Consider selling on rise (preferably in the zone of 265-270) for target of 254 / 246 / 228
Pattern gets invalidated if stock goes closes above 282 on daily charts (for positional play)
Intraday traders may look to cut down the risk if stock closes above 272 on hourly chart
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Alternatively one may consider selling LIC HOUSING FINANCE 28 May expiry 280 Call Option around 14-15
Lot size 1300
Max profit potential Rs 18200/- to 19500/- per lot
In built loss protection in strategy for a rise up to 294
Take care..!!!
Be safe & be strong.
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 looking weak and will see 470 level soonLIC Housing Finance on daily chart looks weak.
TP is 489, target 471
If your idea matches mine open short, I will keep you posted as price moves. This is my third idea on this stock.. past 2 Ideas has fulfilled target as suggested, I hope will same here.
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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 : to test 300 levelsAs per the H&S pattern, 1st target: 305 which is also the 2nd support after (395 :this was the 1st support level, post which the stock bounced back).
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true
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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