Get started

LICHSGFIN

Swing entry chance in LICHSGFINNSE:LICHSGFIN There's a trendline which acts as support for the stock in 1 hour time frame, chances are that it might take support at the trendline again, if that happens we can take a short term entry on the stock and hold it till it reaches 143 levels as there is a resistance. If the price doesn't go back to the trendline to take support instead moves up and a breakout happens then we can enter above the resistance zone drawn using the rectangle and keep a target till 143, which might give 2-2.5% returns.
NSE:LICHSGFINLong
by alfinbino
LICHSGFINThis stock has aligned all sentiments in multiple time frames which are good enough to forecast next moves, and it indicates bearishness ahead. Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. Wave structure is also suggesting more correction ahead, after good up rally and high of june 2021, it started correction, which had formed Leading diagonal structure in wave A as a correction in month of April 2022, and after that wave B completed, Now possibly wave C is unfolding, Also this stock has seen a sharp correction without any major pullback, so in near term some pullbacks are also due which cannot be ruled out. 367 and 397 are major resistance on the way up to watchout, and in the short to medium term, the stock can possibly head south towards price levels of 235. One can go short at these levels or on Rise of price (if any). Overall wave structure is looking like this Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. RK's indicator confirms at big levels Monthly and weekly charts RK's indicator confirms at big levels Daily and Hourly charts Price trading below 20SMA (Mid. bollinger) on monthly chart. Price closed below Lower bollinger on weekly chart, it indicates good strenght of bear power. Price also closed below Lower bollinger on daily chart, it indicates good strenght of bear power. macd in weekly bearish macd in daily bearish rsi in weekly down tick and now below 40. rsi in daily negative dmi adx is also negative Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:LICHSGFINShort
by RK_Chaarts
Price action screaming buy!! Or is it as simple as it looks?If we go by the textbook definition of a falling wedge pattern, the price consolidates between two downward sloping & converging lines forming a wedge shape. (Not as difficult as it sounds, just looks at the chart). As per a common understanding of this pattern, the price continues higher after a breakout to the upside. Price action in LIC Housing finance shows a nice breakout of the falling wedge pattern. The price broke out with a strong candle and above-average volumes. This is a perfect condition for a buy trade. But wait, This is not the complete technical picture. Keep reading We recently saw how a bullish Inverse head & shoulder pattern failed in HDFC, even though it had a perfect breakout condition, Positive news about the merger and almost all ideas on trading view were out rightly bullish. (Check HDFC idea in my profile, neutral and saved myself from loss) If it were as simple as identifying a pattern and taking a trade, everyone would be making profits in the market. Back to LIC Housing Finance: Along with the falling wedge, there are other technical factors. Two important levels to watch are the 200 days moving average, and the Horizontal S&R line at 389.25. The price has taken support or resistance at this line multiple times in the past. Let’s look at the positives first: • Perfect falling wedge pattern & breakout with a strong candle and good volumes. • MACD trending higher and in positive territory. RSI Strong, and other indicators in the positive territory. • Price finished its correction exactly at 61.8% Fibonacci ratio with Price RSI positive divergence before the correction ended. Now the Caution Signals: • Price trading below Strong resistance line at 389.25 and struggling to cross above. • Price below 200 days moving average (a strong resistance level). 200DMA currently trading at @400. • Whole numbers are considered psychological S&R levels and 400 is a psychological level. • Fibonacci 38.20% level @ 405.60 may act as minor resistance. Combining these points, we get a strong resistance zone between 389 to 400 and minor resistance at 405. A breakout above the wedge pattern is the first signal. The price has to breakout above the resistance zone. If the breakout happens, wait for the price to retest 200dma or Horizontal line @ 389, whichever is higher at the time. I give more weightage to Horizontal S&R lines because these are the points where most buyers/sellers are concentrated. 200DMA is definitely a strong resistance and there will be many sellers at this level. I’m cautiously bullish on this stock. The best way to avoid failure is to wait for the price to give us a confirmation. I will be following the price movement closely and update this idea when I get a buy/sell signal. So follow me and stay tuned for the next update. Post your comments. Let’s have a discussion. Happy trading. Co-Authors: in.tradingview.com in.tradingview.com Disclaimer: This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor. Sharing my analysis and thoughts for a stronger and healthier community. Cheers
NSE:LICHSGFINLong
by Sai_Kumar
7