Lichousingfinance
Short Term Trading Opportunity in LIC Housing for 10 % UpsideHi,
NSE:LICHSGFIN has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss on Daily Closing basis and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
UPMOVE IN LIC HOUSING FINANCELIC HOUSING FINANCE is highly bullish in larger timeframe, and is continuously making higher highs. So, there is a chance it can retest it's ATH and can give a successful breakout. Targets are calculated according to simple price-action theory. Please follow risk management in condition like this where market is overbought. This stock can give a potential return of almost of 18% if it retests it's ATH. 2/3 quantity should be booked at first target and the rest should be trailed for bigger targets.
Lic Housing Finance 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 capital to generate profits - RoCE declining in the last 2 years
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Net Cash Flow : Companies not able to generate net cash
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
Weak Momentum: Price below Short, Medium and Long Term Averages
Happiness :-
Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
Negative to Positive growth in Sales and Profit with Strong Price momentum
Stock with Low PE (PE < = 10)
A huge wedge pattern with long consolidation in betweenThis pattern has 250++ bars or 1 year+ data.
it is sustaining above fib level 0.5 or 360-365.
There is a supply-demand conversion zone( golden) where it may face resistance.
Entry should be after a bullish candle at the golden zone or above 400(round level).
Next, there is hidden trendline (dashed) , which will act as a resistance.
How to trade?
initiate trade with a less quantity(60%) at the round level & when it touches the hidden trendline, retrace back to the 0.5 level from the previous swing
, and add more.
medium-term targets- 460, 520
SL-just below fib 0.5 level.
Happy Swing trading
L&T HOUSING FIN Major resistance or BO?Lic housing fin working on down trend channel. yesterday it was given positive move with huge volume for more up side it should cross and sustain above 400-425, which is not seems positive as per indicator positions. it also form H&S pattern on monthly chart . it has target for down side 300,So better to use this bounce to take exit.
LICHSGFIN possible reversalHello 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 is above 45
MACD above signal line
Buy above 370
Targets mentioned in the chart above
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LIC HOUSING : BearishSock has completed its 5 waves up move & is now correcting for three waves down in ABC format, of which A & B has already been completed & now the wave c is unfolding. The complete corrective pattern is unfolding as a ZIGZAG correction.
Trading strategy :
Sell on cmp or any rise , keeping SL of 440 , look for the downside target of 395/375/350/300
LIC HOUSING FINANCE GOING TO TOUCH 450 LEVEL SOONOn the weekly chart, the Share bounces back after hold a major support level at 373. If he holds it and momentum continues upward as per the chart then it going to test again at 450 levels in the near future.
Short term target is 450 from the current level
Long term target is 520 in 12 months