HI friends, I am sharing my view on Lic housing finance for long term. The share price is looking very attractive and has a potential to go up. Risk to reward seems to be favourable. Please have a look and share your comments.
LIC Housing Finance - Inverted head and shoulder with rising low. Buy Above 412 Stop Loss below 400 closing basis Target 1 - 445-450 (Minor resistance) Target 2 - 460 (As per measurement rule) Target 3 - 475
I have made a small Explanation here how to determine the change in the trend and how to determine using time based tool to confirm the trend has changed or the pattern has confirmed the Next trend Hope you will find small info in the explanation , You need to search Google for more detail in order to learn more on time based forecasting Methods Good luck
Forming a good head and shoulder pattern, good to short once the support is broken .
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
ALL LEVEL DISPLAY IN VIDEO FOLLOW THE RULES GUYS 1. BUY ONLY WHEN STOCK PRICE HIT BUY LEVEL 2.STOP LOSS IS VERY IMPORTENT 3.1ST TARGET HIT BOOK PROFIT WAIT 2ND TARGET CHOICE IS YOURS BUT TRAIL YOUR STOP LOSS 4.IF YOUR CAPITAL IS 1 LAC YOU ONLY INVEST 5000 TO 8000 IN ONE STOCK NOT PUT ALL YOUR MONEY IN ONE STOCK BECAUSE MARKET IS UP AND DOWN NATURE 5.DO NOT TRADE...
NSE:LICHSGFIN Daily chart. RSI default making lower highs while price hitting lower lows, So this is actually a good RSI Classical Positive divergence. Stock might see an uptrend above 490. Stops would be below recent low (460) on daily candle closing basis.
BSE:LICHSGFIN LIC Hsng Fin, Fell from 161.8% of Fibo Extension & Now holding C zone also 2015/16 Support zone. Some demand is seen at this level (Nice bullish candle). Outlook will be bullish with recent low (460) as stop.