Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish breakout with volume. RSI above 60 indicates bullish momentum. Moreover, relative strength shows crossing Nifty 50.
LIC Housing Finance share is near to BREAKOUT. Once it break the 423 Level resistance.
We can see the good upward momentum, safe trader can take the once it cross the 427,
Our first Target is 460-61.
What's your view on this comment below in the box.
On 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
Strong & Immediate support for LIC is 486-487. A good pullback can be seen upto 505 from here. If broken & sustain below 485, then 463 is target.
"Simple Chart speak better Story"
Note: This is for education purpose only. I am not SEBI regd Analyst.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Suggested a long trade on LIC HOUSING FINANCE JUNE 1 with entry point 480 and our first target being 517.
ACHIEVED OUR FIRST TARGET TODAY (JUNE 4) IN JUST 3 DAYS...!!!
TARGET 1 DONE IN JUST 3 DAYS!!!
9.8% RETURN IN JUST 3 DAYS!!!!!!!!!!
TARGET 2 IS ON!!!
You can book some profit here and wait for TARGET 2 and if you do not want to take risk, you may book full...
An inverted Head and Shoulder pattern can be seen on the weekly charts of LIC HOUSING FIN. A long trade can be taken if it breaks the line and sustains. (OPEN CHART FOR DETAILED VIEW)
I would suggest a long swing trade with following levels.
Entry: Around 480 on closing basis
Target 1: 515-517
Target 2: 550-553 (Weak target, can be broken easily)
Target 3: ...