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LIC HOUSING FINANCE LTD.LIC HOUSING FINANCE LTD.LIC HOUSING FINANCE LTD.

LIC HOUSING FINANCE LTD.

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LICHSGFIN trade ideas

Buy the Consolidation Breakout - Risk-Reward 1:5Entry 283.25 Stop-loss 269 Target 253 Risk - Reward Ratio 1:5 LIC HOUSING FINANCE, from May 19th to Uptill June 17th, LICHSGFIN had a strong impulsive move. Since the 17th June top, price is in consolidation and remained above the 50% retracement level of the previous impulsive move. There is a high probability that an ongoing consolidation breakout may result in one more strong impulsive move. Apply your money management before taking a trade, and trade management ones the trade is going in the anticipated direction. How I set the target? Target is equal to the range of the previous impulsive move, added to the breakout price. Nothing is a sure shot in trading, each trade must have a pre-defined stop-loss. How I set the Stop-loss? Here come the stop-loss placing methods which are always debatable. Books guide us to place the stop-loss below the swing low or below the lower line of a chart pattern in a bullish breakout. In this case, the Risk-Reward Ratio will be very poor because stop-loss will be 256 and the RR will be reduced to 1: 2.5 which I don't prefer in Positional Trading. So kept stop-loss below the probable support zone in the lower time frame. The disadvantage in this method is that the stop-loss is tight and may get triggered if there is a high volatility or price fluctuation, but I'm ready to lose accuracy over high reward. In trading, if you have 40 to 50% accuracy, it will be more then enough. With a good Risk to Reward ratio and 40 to 50% accuracy, is a winning combination. Many claim 80% to 90% accuracy and still, they are not on the Frobs richest list. If I get 80%-90% accuracy, "I will be The GOD OF TRADING". In Trading High Accuracy is a MYTH.
NSE:LICHSGFINLong
by Equity-Earningz
3
LIC HSG FIN: Chart set up and viewLIC HSG FIN CMP 266 - The stock is in consolidation mode - trading near support levels 250-255 - Momentum above 285-296 zone Target for the current set up 296 / 318 / 351-368 zone - risk increases if LIC HSG FIN starts trading below 250 Consider buying in 2 tranches. At CMP & on dips towards 255 The current set up provides a risk::reward ratio of 1::3 at the minimum to go long Take care & safe trading...!!! Discliamer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:LICHSGFINLong
by indiamarketoutlook
2