Lichsg
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
#65 TARGET SET TILL LIC HEIGHT😆#65(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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LIC HOUSING TRADE || Short - term view || Easy profitAs there's a good chance of lockdown in India and hence people are willing to buy home more and more. According to a survey 85% of people are willing to buy a house now than ever and hence a good portion will come as revenue for the Home Loan industry where LIC enjoys 20% market share.
Safe traders can wait for the channel pattern to break and aggressive can take an entry now itself.
"Please feel free to comment if you have any doubts in the setup."
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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LIC HOUSING (W)Trends have been quite negative and despite the bullishness seen on the markets this stock has only headed lower. The prices have now breached the important supports and could tread lower. The prices are already trading below the ascending trendline. With the prices now breaching important supports on higher timeframes and the momentum too not supporting the recovery we can look for some sustained decline that could emerge in this counter in the coming weeks. Look to short with stop above 598 for a drop near 561.
LIC Housing Fin. ABCD Pattern may commence once Weekly chart. ABCD in process. retrace (B to C wave) shot lil below 38.2% (Fibo Drawn from right to left). So not a perfect ABCD. Once the resistance breaks (721) one can buy for 910+ as target. Second target 970+. Stop (Exit) level below "C" wave = 600 on weekly candle closing basis. Time frame 4 to 5 months.
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"