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LIC HOUSING FINANCE LTDLIC HOUSING FINANCE LTDLIC HOUSING FINANCE LTD

LIC HOUSING FINANCE LTD

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LICHSGFIN trade ideas

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.
NSE:LICHSGFINLong
by ShriramN
SHORT TERM PREDICTON FOR LICHSGFIN AS PER CHART LONG ITWEELY CHART HAVE CUP AND HANDLE AND HEAD AND SHOULDER , SHORT TERM TARGET IS 570 LONG TERM TARGET IS 722 Incorporated in 1989, LIC Housing Finance Ltd (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. LICHFL also provides finance on existing property for business/ personal needs and also gives loans to professionals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and also for purchase of equipment. The Company also provides finance to builders and developers engaged in the business of construction of houses or flats for residential purpose and to be sold by them
NSE:LICHSGFINLong
by rv1annur
Multi Year breakout-4.5% UP-LICHSGFIN!!Since the last week I have posted this, It has moved 15% Up. (from 31st May only) Hope some of you're enjoying this! :) Performance of the suggested stocks - - SPANDANA >> 14% Up - LICHSGFIN >> 4.5% Up - NIACL >> 3.5% Up - Quickheal >> 3% Up - TATA Consumer >> 1.3% Up - Spencer >> 0.5% Up - La Opala >> -0.3% Down - DCB Bank >> -0.7% Down - Titan >> -0.7% Down All these performance in a weak market, that's just the power of buying undervalued stocks & waiting patiently ~ Like a true value investor! :) P.S. - Invested In all (I suggest only the stocks, in which I too put my money ~ Skin in the game is must!) :D Happy Investing! :)
NSE:LICHSGFINLong
by IIMA_Brat