LIC ready for weekly breakout🍁🍁Buy @380-390 range
short term trgt 490-590
no need of sl but need patience
long term trgt 800+
this is our second entry in lic
reasons for this buy
🔹lic ready for a massive movement
🔹means it's ready for weekly breakout,in this session can see a breakout .
🔹in the previous session we seened a small result trade in the stock.but this time weekly breakout really gonna happen.So keep it on radar guys.
🔹interesting results publishing stock.
🔹also the previous budget talked about housing finance.
🔹something cooking in the chart,it was the right time to enter.and the stock in a weekly support zone.
🔹perfectly respecting down channel once it broke can see 🚀🚀🚀
like🍂comment🍂support
LICHSGFIN
#PNBHOUSING #50%+ #DHFL #LICHSGFIN #FINANCE #LOAN #HOUSINGFIN #PNBHOUSING
NSE:PNBHOUSING
CMP: 372.35
Target: 584
Stop Loss: 306
Time Frame: Less than 3 months
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above RESISTANCE
Trading at SUPPORT .
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge FLAG formed.
Compare with peers NSE:LICHSGFIN , NSE:DHFL , NSE:IBULHSGFIN , NSE:HDFC , NSE:HUDCO .
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
LIC for short term + intra analysisfor intra players
trading levels mentioned in the chart.
for short term players
buy and hold
trgt 466-500-550-600 +
don't miss opportunities guys....
lic in a adding level.
postive newses hitted but movemnts not done.....
expecting 500++ within 1-3 months
study then add
LIC HOUSING TRADE || Short - term view || Easy profitAs there's a good chance of lockdown in India and hence people are willing to buy home more and more. According to a survey 85% of people are willing to buy a house now than ever and hence a good portion will come as revenue for the Home Loan industry where LIC enjoys 20% market share.
Safe traders can wait for the channel pattern to break and aggressive can take an entry now itself.
"Please feel free to comment if you have any doubts in the setup."
LICHSGN ON 15 MINS CHARTLic housing has broken its major trendline & its sustaining below 200 MA. Talking about bigger trend we can observe the correction that happened after trendline broke had sustained at Fibonacci 61.8% level. Mostly stock that gives reversal from golden zone tends to continue its trend with good volume but in case of LIC HOUSING the volume has been decreasing thus indicating bears in control.
Also if we zoom in, we can look there’s a good chances of stock to test its support for 3rd time making it major support. We also use Fibonacci trend continuation tool & we found out that the major support and trend continuation Fibonacci level 61.8% is exactly at same price. We believe we can see a good downtrend for Tom and day after tomorrow. Trade safe.
LICHSGFIN | Simple Price Action Trendline Break 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above =395.10 or CMP
--Target = 486.70 | 573.10
--Stop-loss = 331.20
--Lot Size = 2000
--R:R = 2.79
--Expected Profit = 3,56,000₹ per lot (45 % )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Trendline & resistance Broken at the same time
2) volume is good as of now
3) Retracement could happen
4) Target is totally based on the resistance zone
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