Unique Parallel Channel ReversalPrice are moving in a parallel channel but in a special way as it touches the same line twice before turning the direction. It has already touched the lower trend line twice so we can expect it to go the upper trend line now. Rectangle pattern may give minor resistance at 505 and on crossing decisively, it may see the 540 level.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
LICHSGFIN
MyAlgo: xRAM-Creator: Intraday call: 21Jun-LICHSGFIN-LongCaution: Market is in sideways and choppy for the few sessions and expected to continue for a few more sessions. So trade carefully.
Based on my "xRAM-Creator" predictive trading methodologies, its going to be a GREEN candle on 21-Jun-2018 for LICHSGFIN
Buy Above(5Min candle close): 497.2 for targets -
T1: 500.9
T2: 503.2
T3: 505.5
SL: 493.2
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(01-Jun-18)-LICHSGFIN-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 01-Jun-2018 for LICHSGFIN
Sell Below: 474 for targets -
T1: 470.4
T2: 468.3
T3: 466.1
SL: 477.8
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(31-May-18)-LICHSGFIN-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 31-May-2018 for LICHSGFIN
Sell Below: 475.1 for targets -
T1: 471.5
T2: 469.4
T3: 467.2
SL: 478.9
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
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.
LIC - H&S DoomNSE:LICHSGFIN , CMP 622, has made Head & Shoulder pattern and may lead to a big fall now.
However we may see some retracement, to 640-680, before the action.
Short setup
Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520
Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade triggers). This will help minimize the risk