LICHSGFIN trade ideas
LIC Housing FinanceLIC Housing Finance :: H&S under formation and trade can be only initiated after confirmation...
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LICHSGFIN | Another opportunity in the company for 70%LICHSGFIN | Another opportunity in the company for 70%
CMP : 530 (Dip : 500 , 480)
SL : 470
Target : 775
We just captured 35% in this stock using lower time frame, now this weekly time frame Inverted Head & Shoulder is giving a great opportunity for another 70% rally.
LICHSGFIN | Wedge breakout looks good for 12% (Smaller TF)LICHSGFIN | Wedge breakout looks good for 12% (Smaller TF)
CMP : 415 (Dip : 405)
SL : 395
Target : 465,480
1:3 risk reward setup for first target from dip
The stock looks very good in weekly time frame, this is a small opportunity for short term (can see result within 2-3 working days)
LIC housing finance - Rising three methods/three black crows ?NSE:LICHSGFIN
Stock is in bullish trend and formed this pattern but the closure make confused.
If the next candle closed below the pattern we can expect a huge fall
If the candle close above the pattern bullish...
You can comment your views on this pattern
LICHSGFIN: SLEEPING GIANT AWAKEND !!!Technical view: Chart pattern: Inverted H&S Pattern, RSI is Bullish, MACD is Above Signal and center, ADX is Bullish. Buy at cmp for 700+ levels, horizon: 3M.
medium term target - LICHSGFINenter once the weekly candle breaks the high of inverse head and shoulder pattern
LICHSGFIN IS BACK INTO THE GAME , HUGE BRAKEOUT since NOVMEMBER 2019 , The stock was trying so hard to break the 480 levels but couldn't do, till last week , it took almost 2years to break 480 levels ,
there's a theory in stock market that "the more amount of time a stock consolidates within a range or below a resistance level the more faster it will become a ROCKET when it breaks its Resistance''
The LICHSGFIN has just broke its strong Resistence of 480 and its ready to take off and soon it will become rocket ,technicals are very strong ,..it broke its long time down trendline Retested it then Took off with a HUGE VOLUME ,..
The Minimum target we can expect from here is 580 ,600, 620, with a stoploss of 510
LICHSGFINNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
CUP AND HANDLE PATTERN BREAKOUT IN LIC HOUSING FINANCECUP AND HANDLE BREAKOUT IN WEEKLY CHART,
SUPPORTED BY VOLUME AND RSI,
BUY ABOVE 540
SL 490
TARGET
LIC Housing Finance can be bought here and on retest till 480.NSE:LICHSGFIN with SL of 440 for target of 600-650-700.
Chart Of The Week !! 06 June 2021 !!* Inverted Head & Shoulder Chart pattern breakout in weekly chart with extremely high volume .
LIC Housing Finance - Cup & Handle on Weekly ChartLIC Housing Finance was in a downtrend. The counter tested the bottom level of Rs.185.25 in March 2020. Thereafter the counter experienced the gradual recovery and reached the price level of Rs.487.40 in February 2021. This price level was the major resistance for the counter. This resistance was tested twice in the past in November 2019 and January 2020 and could not be breached. After testing the resistance level for the third time in February 2021 there was a pull back to the level of Rs. 372.70. The price started rising again from this level and finally breached the major resistance line on weekly chart on Friday 5th June 2021. On this breakout the price closed at Rs.530.20 with a massive rise in volume. This formed the Cup & Handle price pattern on the chart. Here I expect the price target of Rs.790 in a time period of about 6 months from now. I suggest the stop loss at Rs.487 giving the risk-reward ratio of 1:6.
NOTE: This Idea is an attempt to predict the future price movement. Investment based on this idea shall be solely at the risk of the investor.
Lic housing finance Lic housing finance inverted head and shoulder breakout. *For educational purpose*
