LIC of India - Strong Bearish PossiblityStock reaching its RBD area
High possibility supply area 775 - 795
Trend line Rejection area too
Upside Sl strictly above 810
Supply zone areas in 125 as well as 75 Mins as well
Strong possibility of reversal from this area
LTF confirmation required
Downside target area near 735
Licianalysis
LICI - Cooling OffStock coming down near its strongest support
862 - 880 (Area of strongest support)
It may go sideways before planning next direction
If cools off near 865 - 870 then a good buy opportunity with strict Sl of close below 860
Any close below 860 negates the view
Once below 860 then the same area (862-880) will start acting as strongest resistance
LICI Life Insurance Corporation of India buy trade with targetsHi! this is Kapil,
I made this graph of LICI by just using simple Fib extensions and reversals for getting to the desired target.
After seeing the closing of LICI in 2024 November month i have decided to Make this Chart.
Consult your financial advisor before investing.