LICHSGFIN trade ideas
LICHSGFIN Long Side |Swing | Short -TermBuy above 286 Swing target will be 200Mvg given in the chart | if 292 above weekly candle close short -term target of 380.
LIC Housing give nice break outTraded above 20-50-100 EMA
RSI above 60
Triangle breakout after good result announcement.
Parent company public issue in pipe line
200 EMA is just hurdle @318
Close above 318 we may see 380-400 level.
Buy some qty at current level as well as add remaining qty near to 290 level with sl 275 on closing
LICHSGFIN:- TRADE SETUPLICHSGFIN in Accumulation phase for last 48 Days and shaped up in beautiful bullish Continuation pattern .
Breakout through the major Resistance with huge volume and close above it.
Trend seems to remain bullish.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Acending TriangleLIC housing making acending Triangle breaching upper line today with heavy volume if its breach we can see rally upto 340-350 range. NSE:LICHSGFIN
Buy the Consolidation Breakout - Risk-Reward 1:5Entry 283.25
Stop-loss 269
Target 253
Risk - Reward Ratio 1:5
LIC HOUSING FINANCE, from May 19th to Uptill June 17th, LICHSGFIN had a strong impulsive move. Since the 17th June top, price is in consolidation and remained above the 50% retracement level of the previous impulsive move. There is a high probability that an ongoing consolidation breakout may result in one more strong impulsive move.
Apply your money management before taking a trade, and trade management ones the trade is going in the anticipated direction.
How I set the target?
Target is equal to the range of the previous impulsive move, added to the breakout price.
Nothing is a sure shot in trading, each trade must have a pre-defined stop-loss.
How I set the Stop-loss?
Here come the stop-loss placing methods which are always debatable. Books guide us to place the stop-loss below the swing low or below the lower line of a chart pattern in a bullish breakout.
In this case, the Risk-Reward Ratio will be very poor because stop-loss will be 256 and the RR will be reduced to 1: 2.5 which I don't prefer in Positional Trading.
So kept stop-loss below the probable support zone in the lower time frame. The disadvantage in this method is that the stop-loss is tight and may get triggered if there is a high volatility or price fluctuation, but I'm ready to lose accuracy over high reward.
In trading, if you have 40 to 50% accuracy, it will be more then enough. With a good Risk to Reward ratio and 40 to 50% accuracy, is a winning combination.
Many claim 80% to 90% accuracy and still, they are not on the Frobs richest list.
If I get 80%-90% accuracy, "I will be The GOD OF TRADING".
In Trading High Accuracy is a MYTH.
21 AUG VIEW ON TVS MOTOR LICHOUSING FIN MGL IGL BANKNIFTY NIFTYDISCLAIMER : 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
LIC HSG FIN: Chart set up and viewLIC HSG FIN
CMP 266
- The stock is in consolidation mode
- trading near support levels 250-255
- Momentum above 285-296 zone
Target for the current set up 296 / 318 / 351-368 zone
- risk increases if LIC HSG FIN starts trading below 250
Consider buying in 2 tranches. At CMP & on dips towards 255
The current set up provides a risk::reward ratio of 1::3 at the minimum to go long
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
17 AUG WEEKLY STOCK SUNPHARMA TATAMOTOR KOTOK HDFCBK CIPLA CADIL
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
[Buddha] LICHSGFIN Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
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.
BUY BUY 258-260 Target 267,274....279.40 SL 255As per technical chart pattern says...Strong Buy...At least it will surge till 275 as my point of view.
As we know once complete M Pattern it will surge at minimum level thats our target...
I brought @259 for 2000 qty i will sell once touch 268-270...Its purely my opinion....Please buy or sell depend upon your own analysis.
LICHSGFIN - Intraday Trading Setup for 5 Aug 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor only.
Let's have a look at LIChousing financeA beautiful head and shoulder pattern made .. Looks bullish above yellow Line.
Post is for education purpose only
Trend Analysis on LIC Housing Finance By seeing the hourly chart of LIC housing fin it is bullish and will test target 1 and 2 in 3 weeks
