Lic Housing Finance Strength :-
Growth in Net Profit with increasing Profit Margin (QoQ)
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Tiredness :-
Red Flag: High Interest Payments Compared to Earnings
Negative Breakdown Third Support (LTP < S3)
Companies with High Debt
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Net Cash Flow : Companies not able to generate net cash
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
Weak Momentum: Price below Short, Medium and Long Term Averages
Happiness :-
Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
Negative to Positive growth in Sales and Profit with Strong Price momentum
Stock with Low PE (PE < = 10)
Lichsgfinanalysis
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
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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.
LICHSGFIN possible reversalHello traders, deepakntr achieved its target when gave a breakout of the H&S pattern in a single day.
Next stock I am focused on is lichsgfin, it has seen a good correction in the past weeks and have retraced back to the golden ration or zone.
On weekly timeframe it took support on 61.8% fib and bounced back
Above the flip level
Bounced back from demand zone
RSI is above 45
MACD above signal line
Buy above 370
Targets mentioned in the chart above
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LIC HOUSING FINANCE GOING TO TOUCH 450 LEVEL SOONOn the weekly chart, the Share bounces back after hold a major support level at 373. If he holds it and momentum continues upward as per the chart then it going to test again at 450 levels in the near future.
Short term target is 450 from the current level
Long term target is 520 in 12 months
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."
LICHSGFIN : Trade SetupNSE:LICHSGFIN
Hi Traders,
After retracement, LICHSGFIN broken short term trend line and start to develop Higher High and Higher Low pattern. Current price zone is good for entry.
Entry and target level on chart.
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