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.
NSE:LICHSGFIN
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
NSE: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...
LIC Housing Finance Limited is one of the largest Housing Finance Mortgage loan companies in India
Buy on Current Market Price.
Also announcement dividend of Rs. 8.50 Per Share and Its Ex-Date is 19th Sep.
Lichsgfin giving breakout of daily time frame above 408.Looking target 415-420-440++ in very short term.We are keeping on radar Lichsgfin 420 CE for 1 week.
NSE:LICHSGFIN
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
This 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...
With Mega LIC IPO around the corner, We can see some action this script of LIC as well if it breakout with huge volume only.
Trade cautiously and keep your position size in check because of huge volatility.
Happy Trading :)
Disc: Chart posted only for learning purpose.
LIC Housing Finance looks good to buy if sustain above 406 for the upper marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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...
SUMMARY:-
*stock is breaking out of falling wedge pattern
*also stock is on the verge of breaking its 200-ema
*stock can see massive short-covering above 400
LICHSGFIN CASH
BUY@391-393
STOP@383
TARGET@407-414-421
*if stock breaks back into pattern then pattern has failed
*so risk reward ratio is good
*week chart indicates big moves above 420
NOTE:
*do not...
Just trying it for first Time. LIC has given a breakout with huge volume so one can take the entry at CMP. Marked some of the Important levels my first target is 425 and then second target could be 450 it can also touch its 52 week high. keep a eye.
