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Analyzing LIC's Chart Trend: A Golden OpportunityThe Journey of LIC's Stock Price: LIC, one of India's most prominent financial institutions, made its debut on the stock market with high expectations. However, like many newly listed companies, its share price experienced a significant drop over the span of two years. This decline was disheartening for early investors but not entirely unexpected in the world of stock trading. What's essential in such situations is to assess whether the stock has the potential to regain its lost value and provide a promising investment opportunity. Building a Strong Base: One key aspect that often determines the future trajectory of a stock is the formation of a strong support base. During the downtrend, LIC's stock price seemed to have found solid ground, stabilizing around a certain price level. This stability suggests that sellers are losing their grip, and buyers are starting to show renewed interest. This is a critical phase where experienced traders keep a keen eye on the stock's price movements. The Fibonacci Golden Ratio: The Fibonacci Golden Ratio, a well-known tool in technical analysis, can offer invaluable insights into a stock's potential trend reversal. When applied to LIC's chart, we can observe that the stock has been displaying Fibonacci retracement levels that correspond closely to key price points. This alignment indicates that the market is paying attention to these levels, further reinforcing their significance. Entering the Trade: Now, let's discuss the optimal entry point for retail investors. As LIC's stock price consolidates between the ATH (All-Time High) and the NTD (No Trading Zone for Retailers), a prime opportunity arises. Retail investors should watch for signs of price stability and a break above the NTD, as this indicates growing confidence in the stock's resurgence. Once the price clears the NTD, it typically signifies a shift in market sentiment, with institutional and retail investors alike recognizing the stock's potential for a bullish run. However, it's important to exercise caution and avoid chasing the stock when it surges above the NTD, as this initial momentum can be volatile. Instead, patient investors should consider entering their positions during the consolidation phase between the ATH and NTD. This period allows for more stable and strategic entries, reducing the risk associated with chasing after a rapidly rising stock. Conclusion: LIC's journey on the stock market, from a steep drop in its listing price to the formation of a strong base and the signals from the Fibonacci Golden Ratio, paints a compelling picture for retail investors. By identifying the optimal entry points and patiently awaiting consolidation between the ATH and NTD, investors can position themselves for potential gains as LIC's stock recovers. Remember, successful trading requires thorough research, risk management, and discipline. Always consult with a financial advisor and conduct your own due diligence before making any investment decisions. The opportunity is there; it's up to you to seize it wisely.
NSE:LICI
by surendrachoudhary628
GMMPfaudler- Big move on the cards?GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall. Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking. On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum. It seems like the gap down was a SL hunting move for the breakout buyers. The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone. However, since its a news based stock, the risk associated is higher. Please note that I am sharing this idea only for educational purposes. One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
NSE:GMMPFAUDLRLong
by chartistamey
NBFCCanfin Homes There are only handful of Non Banking Finance Companies with good market capitalization looking good. By rejecting few companies whose negative change in promoter holding in recent quarter and those with high valuations leaves out CANFIN homes which recently had healthy correction and took support of 50% Fib retracement and showing reversal. Trend has been changed since Sep 1. Valuations of this company is reasonably good in the industry and has good earnings yield as well. Concerns: 1. High Debt to equity ratio 2. Low Interest Coverage Ratio considering high debt in the industry 3. Promoter holding has always been at 29.99% 4. Solvency Altman Z score is in grey area of 1.02. Z Score above 2.99 is stable. 5. Need to check what other borrowings are. Rising significantly since 2021. There is one other housing finance company whose fundamentals are very good with very low debt but high valuations among the industry and is still in downtrend technically. "Aptus Value Housing Finance India Ltd"
NSE:CANFINHOMELong
by naraykln
IRFC (Indian Railway Finance Corporation Ltd)In my analysis(for 1-2 weeks), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 56.4, while the second target is at 60.4. To manage risk, it's important to establish a clear stop-loss level. **Trade Idea:** Consider a long position(1-2 weeks) on IRFC stock with a first profit target at 56.4 and a second target at 60.4. Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 56.4 2nd Target --> 60.4 Thanks Kambi
NSE:IRFC
by kambi123
4
$ASHOKLEY - Weekly Chart AnalysisStock is consolidating at the resistance for the past 4 weeks. Resistance levels are tested the resistance level thrice. Volumes have been drying since 2021. Stock is trading and sustaining above the major key moving averages. Keep it in your watchlist. We need minimum 2 weekly close above 169.45 for it to confirm. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you want to trade then please do your own due diligence and trade on your own risk.
NSE:ASHOKLEYLong
by marketmoneymohmaya
3