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.
InvestPro India Team
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
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.
#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.
Leave a comment that is helpful or encouraging. Let's master the markets together .
As 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...
Guys LICHSGFIN makes new trend keep watch the trend line then enter the trade...
Entry Zone Above 562 or below 540
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...