LICI trade ideas
LICI - Weekly AnalysisIn the Weekly Chart of LICI ,
we can see that; since it IPO Launch it is under selling pressure.
Now we can see shift in the momentum.
It is holding strong at FIBO Level of 0.23.
Enter at 640 with SL as 620.
Invest in LICI for Longer term.
LICI Looking Bullish on weekly ChartLICI is showing signs of strength in weekly Charts.
It will be a good buy above 616 level. It can be taken as a Swing trade also. Also RSI is about to cross 50 level. A combo of 616 spot and RSI above 50 will be great indication for buy.
With a SL of 590. Target can be around 650-660.
LICLIC India
Share making a cup and handle pattern
Entry above 620
SL near 590
Target - 700
On chart seen
This chart is only for educational purpose.
LIC READY FOR LONG RUNDynamic trendline broken on daily Timeframe
Consolidated for approximately a month in close range
Breakout with volumes
Target can be 600+
SL 550 on daily closing basis
Lic -weekly breakout on chartLic gave weekly breakout this week with good volume and bullish marubozu canle formed...
I had given it to buy @ 560 to my friends 45 days ago with tgt of 605 in 1-3 months which acheived this week.
Still more upside is being seen on chart.
Buy above today's high with sl of 605 for tgt of 680-730 (10-15% from here) for 11-3 months holding...
Bear scheme LIC Higher possibility it could fall to 548 within this month or probably could break it .
(22 March 2023 ) Ultimate bottom could be (397 -400) April - May 2023.
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
LICI positive to go beyond 720 -: Buy callsupport shown with arrow.. Fundamental are strong. RSI shows over bought. MACD shows going down. If it holds on support then buy.. else it'll open with jump tomorrow over resistant line
LICI Long SetupAttached: NSE:LICI Daily Chart as of 12th May 2023
Buy Above 565which is PDH
Stop Loss below 555
For Targets:
T1= 585
T2= 600 +
Bullish Signals:
- MACD RSI Bullish Divergence
- Accumulation Pattern with Dried Up Volume
- Volume Surge started from 4th May
- Price above 20 DSMA
LICI buy LICI can buy now, Your wave should be Daily, define your exit criteria. Unless you have a 1:3 Ratio you should not trade & must have a Weapon.
LICILICI - Adani clearance will good for enterprises & LICI itself.. SEBI files rejoinder in adani hindenberg case and says "No" listed company of adani into issuance of GDR 51 companies..Very much positive and Targets are 600-630-680-700-720-750++
Since long time consolidation is going on any time can blast Since long-time consolidation is going on any time can blast - keep on radar
Solid Range Bound Stock. Keep on trackPast few days the stock is moving in a narrow range. There might be a solid upward movement once it breaks the range. So keep in your watch list.
Long LIC target -754 & 846LIC India has formed harmonic pattern on the chart
The stop loss is 540 on closing basis
The target in coming months are marked on the chart.
Final target is 846 once it closes above 754
LICNSE:LICI
Buy Above 607
Targets 640/660
Stop Loss 588
The Stock has seen a sharp selloffwith the Adani news. The Stock has taken support around its previous swing lows. We may see a bounce back if the Adani news settles..
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
LIC IS AT SUPPORT AREA, LIC (Life Insurance Corporation of India) is a public sector life insurance company in India. the stock is currently at a support level and if it breaks this level, it may result in a new low for the stock.
A support level is a price point where demand is believed to be strong enough to prevent the stock from declining further. If the stock falls below this level, it could indicate a shift in market sentiment and lead to further selling pressure.
Breaking a support level is not a guarantee for a new low, as other factors such as market conditions, company performance, and overall economic conditions can also impact a stock's price. However, it is important to be cautious and consider adjusting your investment strategy in light of these developments. It's also essential to consider your individual investment goals, risk tolerance, and overall portfolio diversification before making any investment decisions.
LIC - Collateral DamageThe once mighty Life Insurance leader of India has now come under intense scrutiny.
This could lead to a loss of reputation plus the youth might look more towards term insurances than the ULIP's our elders used to love to buy. Putting this down to more financial literacy. Again i don't know how much that tax above 5L premium hurts them if at all..
But anyways the sentiment around the co is currently not the best so any fall below 588 during this carnage could easily take it down to 508. So if you hold the stock..be cautious.
LIC INDIA Simple Resistance Break
Price trading in attractive zones - constant stake increasing by investing institutuions
Can go long if price breaks 740 levels.
DYOR before investing
LIC support and Resistance 2023 LIC Confirm Targets
Support Zone 1 - 650 - 655
Support Zone 2 - 577 - 587
Resistance Zone 1 - 710 - 720
Resistance Zone 2 - 792 - 802
Remark - Buy Near Support Zone and Book Target Near Resistance Zone ,
Stoploss If any weekly Candle Closes Below Support Zone
5 Months Consolidation Breakout at LICI 5 Months Consolidation #Breakout at #LICI {Life Insurance Corporation of India} Daily Chart. Soon its #Outperform #Nifty.
BSE: 543526
NSE : LICI
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
