Price had fallen out of rising channel.
Stock price is back in the channel with rising volumes.
For Stop loss of 408 , this stock can be bought for a target price of 460.
The target has upside of 10 % and our stop loss is 2.77% from the current price.
Risk reward for this trade is 1:5
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Possibility 1 -
Reversal from current market price (cmp),
Possibility 2
Reversal may take place anywhere from cmp to 459
(If the candle closes above 439.05 we can expect it move 450+)
LIC Housing Finance Limited is engaged in the housing finance business. The Company provides loans for purchase, construction, repairs and renovation of houses/flats to individuals, corporate bodies, builders and co-operative housing societies. It operates through its subsidiaries, which include LICHFL Care Homes Limited, which is engaged in the business of setting up, running and maintaining assisted living community center/care homes for senior citizens; LICHFL Financial Services Limited, which is engaged in the business of marketing financial products and services; LICHFL Asset Management Company Limited, which is engaged in business of managing, advising, administering mutual funds, unit trusts, investment trusts and to act as financial and investment advisors, and LICHFL Trustee Company Private Limited, which acts as a trustee to venture capital trusts and funds. The Company operates primarily in India.
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LICHSGFIN
