LICI
Weekly Bullish Flag Breakout in LICI with 30% upsideHi,
The Largest Life Insurer of country NSE:LICI LICI has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily time frame and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
LIC can reach new highs now!LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move.
We have seen great rally in government run insurance companies like GICRE and NIACL.
LIC has given a breakout of inverted head and shoulders 2 weeks back.
Today, it has crossed its strong supply zone near 750.
We can see ATH levels in this stock soon and above that we can expect 1000+.
Safe entry is near 730-750 with SL of 650.
IDEA SHARED FOR EDUCATIONAL PURPOSES.
LICI: Preparing for a third waveAFTER A 5-WAVE UPMOVE FROM THE ROCK BOTTOM, PRICES RETREATED BACK LOWER TOWARDS 50% FIBONACCI RETRACEMENT ZONE AND BOUNCE BACK SHARPLY. STOCK HAS GIVEN BIGGEST INTRADAY SINCE IPO.
After a five-wave advance from the rock botom, prices retreated back lower towards 597 which is 50% fibonacci retracement zone. From there stock has bounced back sharply which is the biggest intraday gain since IPO.
We are watching to see a sharp advance in the coming months. A break above 750 shall confirm that stock has started it's third wave and is likely to break the all time high in the coming months.
LICI - Ichimoku BreakoutStock Name - Life Insurance Corporation of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 826
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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LICI | Swing Trade📊 Details
Life Insurance Corporation (LIC) is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
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Investment_ LICI (Life Insurance Corp)Namaste!
LICI has been hit hard for the mainly two reasons,
1. Previous performance of other IPO stocks such as Paytm, Zomato, Etc.
2. Current bearish sell-off (in over all global markets).
Investment Objective: If Nifty/Sensex give 10-12% annual average return, my goal is to beat the index. Means we will try to generate >12% annual return. We can include stocks with high risk and high reward (such as Paytm, Zomato and LICI) to make a portfolio, along with other blue-chip stocks so that, we increase our returns with a little increase in our risk. I would not advice investing more than 10% of your investment capital in each. Remaining 70% should be invested in other blue-chip stocks.
The logic: Look, there is always a resistance at the high of red candles. As you can see in the chart, this will be the 3rd attempt for a breakout. Each time the resistance get a hit, it becomes weaker and weaker. The probability of a breakout increases with the number of hits. So, Rs 669.40 is a most logical price for an entry. Always remember, our goal is to beat the index. As long as our basket of stocks performs well, we should be happy.
Disclaimer: Investment carries an element of financial risk. Investment does not guarantee a fixed return due to volatile nature of markets. Please do your due-diligence before investing.
LICI at Crucial Support Of 650LICI, is falling crazy along with rain of this year. Shoking thing is that Overall market is strong bullish NIFTY is Only 4.5% down from All Time High. In all Life insurance sector LICI Stock performance is worst. This stock wll soon be added in nifty 50, No doubt about that. Such lagard performance from market leader is not satisfactory.
Why Stock is Falling despite growth in sales
1) Streached valuation
2) Profitability , the profit margins are less if you compare it with other listed peers like SBI Life , HDFC Life.
3) Increasing of direct insurance purchase Online. As the information peculating and education rising.
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Closing below 650 can push prices further down.