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
Licistock
LICI Stock Price In MomentumThe price action of Life insurance Corp of India stock is in momentum.
ABC correction has been done in Elliot wave have been completed in C wave. After that the trend has changed. So I think price momentum can come now.
The RSI indicator is sowing strength as it is above 60 right now.