LIC Housing Finance- Multiyear trendline breakout and retracement done on monthly.. C&H completion done. On the verge of breakout for the target of 800. Intermediate targets/ resistance are 526, 600.
LIC housing finance have made Inverted head and shoulder pattern on weekly charts.
On volume breakout the stock can reach a target of 460 on weekly basis.
Short term view 3-4 weeks.
Lichfs Made Bullish Engulfing Candle on Daily TF with Volumes
Closed Above the Resistance Zone and Activating the Inv H& S pattern
Long Term Target is Huge
LICHSGFIN:- 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...
Housing 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...
LICHOUSING 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.
it is a swing trade for 2-3 months.
entry activated you can go long
risk reward 1:4
target and stop loss is mentioned there
follow risk management
do your own analysis
do workout
do meditation
start reading books
taking 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
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
if it is close green in daily timeframe you can enter in this trade by putting your stoploss below the wick.
if it is closing bearish candle then you can enter whenever it will make a green bullish candle.
risky trader can enter today for big risk reward .
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...
LICHOUSING Finannce is traing near resistance from 13 Sep 2022, Its tring to breakupside 5 times before but unsuccessfull . This time again trying to cross 428 zone. If cross then 443 we can see then again there is resistance and need to cross that resistance to see upside.
