LICHOUSINGFINANCEMOVING TOWARDS 320
300 MIGHT BE A SUPPORT FOR
SHORT TERM
300-320 RANGE EXPECTED IN
COMING DAYS IN THIS MONTH
SOME LEVELS MARKED
LICHSGFIN trade ideas
Triangle and look for break - 323 is ideal.Price still trading below 323 levels which is crucial levels for going long. Price now took support from the trend line and reached the resistance zone, if rejects go long at trend line support if breaks 312 then look for short long entry till 323.
If price closes above 323 then one can look for positional cash long trade.
Classic Pattern of Edward & Magee stair cast Price action One of the 19 th century Famous Stock Market analyst , Robert D Edward and Joan Megee have made some
discovery in their analysis and they wrote book and article about it , they specifically identified method of price movement as
stair case Stepping , the move is self explainable, if you find the book in Google search for Download you can take time to read it
its having one of the most basic Foundation of identifying the trend and methods to follow ,
In this scrip also I am looking the same pattern repeating , stair case type moves in the price action
R N Elliott also explained in his view that these moves are extensions of Ongoing trend , Elliott did refer as one of the 3 waves i.e
Wave 1 , Wave 3 , Wave 5 , one of it will have extension in it during formation of Nonaggressive Impulse structure
We can also expect the wave 4 to terminate at or near the Top line of Channel
Tats all Friends Good luck
LIC HOUSING FINAN (positional buy)Go long above 300/-
For more conformation go long above 310/-
Mentioned resistance are the targets as per FIB.
SL:-285
LIC Housing Finance Stock has broken its long term resistance zone of 300 and its broken out of the cloud with bullish long candle. Long till 320, 350, 380. Time frame 2 months
LICHSGFIN - FLAG AND POLE PATTERN - BULLISHThis pattern has a 90% success rate. So dont miss the breakout. Trade when an upside breakout happens. This is a swing and intraday pick.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
LICHSGFIN IS ON A RUN!!!...publishing(P01)
Stoploss : 271.95
Target 1 : 323.10
Scanned stock Date : 28TH SEPTEMBER
BUCKET SCANNER DATE : 6TH OCTOBER
Publishing date 11-10-2020
Buy LIC housing for short termClosed above 200 EMA today
Price near to break out... RSI given break out today.
Channel may be break on tomorrow.
If closing above trendline it may zoom up to 350-380
Volume also indicate the same
LICHSGFIN | Flag breakout and nice consolidation - Can see 7%LICHSGFIN | Flag breakout and nice consolidation - Can see 7%
CMP : 280
SL : 271
Target : 300
Question on LIC Housing- Investment ViewLIC in a strong downtrend.
Currently moving in channel.
BREAK Down may bring weakness.
Trend will change once this moves out of Pitchfork.
