LICHSGFIN CONSOLIDATINGLICHSGFIN is consolidating in a descending wedge pattern...watching for a move in coming week
LICHSGFIN trade ideas
[Positional] LIC HOUSING FINANCEASCENDING PATTERN forming.
It is forming an inside bar in daily
buy above 281.9 with sl at 273.5
sell below 273.5 with sl at 281.5
Trail the trade. might be a big swing.
~Manage risk, reward will take care of itself
(Intraday) Sell LIC Housing Finace with shooting star formation
1. Inverted Umbrella Candle Formation on the day chart. The chart already took the reversal from the same.
2. Evening star formation on the last day closure.
3. LIC Housing Finance is the fifth leg of the GARTLEY FORMATION.
4. But , Ascending Triangle formation last 15M Chart. It price also retraced to 61.8% from the last peak. it indicate an uptrend.
So, please take the caution before the trade
5. Sell Below 274 Target 271 , 267 Stop Loss 276
Fundamental Analysis
1. Stock is trading at 0.76 times its book value
2. Second lowest P/E in the Industry
3. Second Best Operation Margin in the industry
4. EV/EBITDA is cheaper than HDFC
5. PEG Ratio 0.44
5. But, Debts are quiet high, which lower the interest coverage ratio
LICHSGFIN accumulate in between 272-274NSE:LICHSGFIN There are multiple accumulation zones near 272-274 and 264-266. Aggressive traders can enter at CMP with 272 as SL. Conservative traders can accumulate some quantity at 272 and some in between 264-266. First Target would be 283.
LICHSGFIN - Price Action.If it crosses 298, then a good up move can be seen. trg 1- 335, try 2- 370.
LIC HOUSING FIN Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Long View. LicHousingFinanceBullish view. small SL at 259. Need to give close above 291.
then it will show bigg breakout.
Positional trade go long with SL at 259.
First target 332 after that next target goes in the range of 380 to 400.
[Inside Bar] LICHOUSING FINANCEBuy above 278.5 with Sl at 275.15
Sell Below 275.15 with SL at 278.5
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
LICHGFN - Bearish Engulfing + Fib RetracementThe stock made bearish engulfing pattern from the 0.786 levels and seems bearish to retrace to the stronger 0.618 level of 265.
Choose an entry position based on your risk appetite.
Strategy 1: 'High-er' Risk & High RRR
In-case of normal or gap-up opening, Short for 270, 267, & 265 with SL at 278.
(Can wait for any small uptrend with the risk of losing out on opening downfall)
Strategy 2: 'Less' Risky & Low RRR
Short below 270 for 267 & 265 with SL at 274
In case of gap-down opening - Wait and Watch.
Enter long on breakoutPrice inside ascending triangle pattern and looks very bullish. Once breaks out from the pattern enter for the given target.
LIC Hsg Fin_Short CallDate: 29 June 2020
LIC Hsg Fin (CMP 264.55)
Head and Shoulders pattern is completed. Stock has today moved below the 20 & 50 DEMA. It is already trading very lower to 200 DEMA.
RSI is going down below 50.
Target: T1- 255, T2- 245, T3- 235; SL- 275
Target Date: 09 July 2020
LIC Hsg Finance: Chart setup & strategy for July monthLIC HSG FIN
CMP 272.50
- The stock is at minor resistance
- 278-286 is ma major resistance
- Yellow Trend Line is the support which if taken out can weaken the structure further for a fall towards blue trend line
Given the setup, one may consider the following trading strategy
Consider Selling LIC HSG Finance 30 July 2020 expiry 300 Call option CMP around 9.5
Lot size 2000
Max profit potential Rs 19000/- per lot
Yield potential of 12.25% approximately till 30 July
Inbuilt Loss Protection for a rise in stock price up to 309.50 till 30 July 2020
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
LICHSGFIN - Lets see if this is the bottom - Morning starLICHSGFIN as per trendline it is in crucial zone. Chances are higher to recover from this zone.
PCR ratio is in BULL's favour + Over all market is bullish today
RSI recovering, Morning star at patter at support level(15 min's)
CMP : 268
SL : 263
Target : 290
1:5 Risk reward
#LICHSGFIN#LICHSGFIN rejected from long term resistance zone.
Now heading downside toward the target of 250.
CMP - 270
A swing trade (7.70% move)
LICHSGFIN - S BELOW 266 TGT 261/254LIC HOUSING FINANCE
LICHSGFIN is moving in a narrow range and has formed a triangle pattern. Currently, the price is taking SUPPORT from the DEMAND ZONE.
RSI is near 40.
TT2 tool is BEARISH.
Once the price breaks down from the pattern and moves below 266, we might see a beginning of the downtrend. The next support is 261 & 254 on 30 mins chart.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
Upmove Only!Wait for the stock to test the levels of 255 or so and reverse.
We will enter on the reversal of the stock.
We will get a good upmove if the trade turns in our favor.
Until then, keep the stock on radar.
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