LICHSGFIN
LICHSGFIN - Cup and Handle -Breakout - DailyLICHSGFIN - Chart gave Cup and Handle breakout with good volume.
We can keep stop loss as low of the breakout candle which is 703.
Based on the pattern target can be 723 range with time frame 3-6 months.
Name - LICHSGFIN
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Good
Cmp - 723
Target - 811
SL - 703
Fundamental analysis of LIC Housing Finance Ltd (LICHSGFIN):
Company Overview
LIC Housing Finance Ltd is a prominent housing finance company in India, providing loans for the purchase, construction, repair, and renovation of houses/buildings. It also offers loans to corporates for staff quarters and other lines of credit.
LIC Housing Finance-Bullish Swing NSE:LICHSGFIN
27.08.2024
Buy-Above 485 after crossing 21 EMA
Target- 775
Stop Loss-624
Risk Reward- 1:1.5
With very good uptrend from past one year, price has reached all time high
but couldn't able to break. Now again it is trying to climb the same level to break and
create new ATH.
1.Bullish engulfing against last 3 candles
2. Price rejection continuously from the parallel support level. Reject rejection is with 200 EMA
3. Continuous 3 green candles formation in weekly TF.
4.Volumes decreased in red candles during breakdown and now increased volumes found in green.
5. Rejection from 0.5 Fibonacci level again at same support level.
6. Stock bounced from over sold level and now into bullish RSI zone after crossing 40 RSI
LIC Housing Finance (LICHSGFIN) ATH BREAKOUT.Entry Range: Current price level
Targets:
Target 1: ₹961
Target 2: ₹1290
Stop Loss: ₹729
Trade Rationale:
ATH Breakout : The stock has broken out from its all-time high, indicating strong bullish momentum.
Technical Indicators : Volume
Support Levels : The stock has strong support around ₹729, making it a reasonable stop loss level.
Risk Management : Please make sure position sizing is appropriate to manage risk and follow the stop loss to protect capital.
LIChsgfinance showing reversal signsHousing finance sector is looking very positive considering the tapering effects of recession and inflation data.
PNBHsg finance has already skyrocketed post breakout.
Lichsg finance is a good fundamental stock which is looking a good positional trade. This idea is not a recommendation and is shared only for educational purposes.
You can also study stocks like aptus hsg finance, ibull hsg finance, HUDCO which are showing similar trend.
LICHSGFIN review - from 426 to 543 giving 27% gains till nowreviewing NSE:LICHSGFIN chart posted on 5th Aug 2023 when the price was 426
it made high of 543.90 giving superb 27% gains till now
more gains to come in coming months
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
link of 5th Aug 2023 post given below
LICHSGFIN Ready For ATH level 🚀🚀Financial Performance:
-Total revenue from operations grew by 33% compared to the previous year.
-Net interest income increased by 83%.
-Net interest margins remained above 3% for two consecutive quarters.
Highest ever quaterly and yearly results.
Target: 1st target 570
2nd target 660
3ld target 780 ATH level.
Warning:- Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
LICHSGFINLICHSGFIN:- It is going to give breakout after 1.5 years, plan something only after breakout.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
LICHOUSING FINLICHOUSING made double bottom pattern on DAILY tf with good volumes, although its not confirmed yet, but looking at the volume data & price action it ll eventually break past 383.60.(confirmation level)
Could be bought here or on dip till 365 or on breakout above 383.60 with mentioned stoploss & targets.
intradaytaking support from 1d trendline
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
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)