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
Hello 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...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish breakout with volume. RSI above 60 indicates bullish momentum. Moreover, relative strength shows crossing Nifty 50.
LICHSGFIN 15 min time frame Analysis
Take trade as per the movement of the stock.
Follow proper stop loss and target
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This is only for educational purpose.
Please consult your advisor before making any trade or investment
On 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
LICHSGFIN 1 WEEK HEAD AND SHOULDERS PATTERN FIND IT BREAK THAN IT GO LONG WE BUYING THIS. NOW THIS MONTH THE FINANCIAL SECTOR WILL GO BULLISH.
YOUR POSITIONAL TARGET: 529 AND 564
As 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...
Price still trading below 323 levels which is crucial levels for going long. Price now took support from the trend line and reached the resistance zone, if rejects go long at trend line support if breaks 312 then look for short long entry till 323.
If price closes above 323 then one can look for positional cash long trade.
NSE: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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If it is helpful...
