LICHSGFIN
LIC Housing looking weak and will see 470 level soonLIC Housing Finance on daily chart looks weak.
TP is 489, target 471
If your idea matches mine open short, I will keep you posted as price moves. This is my third idea on this stock.. past 2 Ideas has fulfilled target as suggested, I hope will same here.
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LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 483LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 483
LIC Housing Finance is getting ready for next down waveLIC Housing Finance has been moving in very nice parallel channel for a long but it’s looking week on daily chart so there is high probability it can break channel.
After it breaks channel, if you want you can wait for confirmation on 1 or 4 hour chart for red bearish candle.
TP is 516, If it breaks below 510 target are 502, 487
If your idea matches mine open short, I will keep you posted as price moves. If you like my Idea give it a thumbs up that all my reward my work and keeps me motivated to push new ideas.
Short Lic Housing Finance at 523 for target of 510.Lic finance can be shorted here with sl above 533 and first target 510 if breaks than 500.
LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 532LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 532
LIC Housing daily chart shows 510Looking at daily chart, LIC housing is in uptrend since Oct 2018 and going up in cyclical very nicely. LICH has recently reversed from new high by resistance trend line showing target of 510 at its support trend line.
Short LIC housing Finance. Using Elliott wave and FibretracementGo short for LIC housing Finance.
Using Elliott wave and Fibretracement.
Looking at weekly chart since oct 2018. It has completed 5th wave
and we will soon see correction waves ABC.
Wave A will complete around RS 480/- B wave will pull back to Rs 520/- and C wave will complete around Rs 430/-.
Analysis by Ankit Salgia
LICHSFINLICHSFIN BASED UPON 1:2, 1:3,1:7 Risk Reward
POSITIONAL
BELOW 560 TGT 3% 5% 10% SL 1.5%
INTRADAY
BELOW 560 TGT 1% 2% 3% SL 0.5%
LIC Sellers can Push price more lowerSell Near 567-570 Stoploss 591 Target 540-530 Reasons for Trade-1. Price has formed strong bearish candlstick pattern on daily chart. 2.Price has taken resistance at daily channel 4th time 3.Price has taken horizontal resistance 3rd time. 4Risk Reward is more than 1:1.5
LICHSGFIN is weak: It's going down man.LIC housing finance is looking weak, Seeing volume and price anomalies.
Target: 496
