Lici a breakdown or a consolidation ?Life Insurance Corporation of India is another weak and bearish chart with following
1. RSI on daily and weekly time frame below 40
2. Price breakdown of last 12 months long consolidation
3. Price closed below 20 SMA (Monthly) last month and is sustaining below the
same.
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.