Possibility 1: Price opens gap up and sustains above the support, and goes up to fill the gap created
Possibility 2: it turns from the Gap zone making is LH and comes to the pull back zone near support , and resumes the bull rally.
Bearishness only below 34600 for 1000-1500 points downside.
Price movement has reached the Trendline resistance again.
Watch it for close above 407 for next two days.
for 11/12/17 A gap up above 407 and sustain will confirm the breakout provided if volumes support.
or else wait for two days for price action to go long on breakout.
Sell with stoploss above 1000 for target 960/940/920/900/880-
Trendline breakdown happened and after testing the trendline resistance , price reversed .
with a small risk , sell with a stoploss above 1000 for target 960 , once 960 is broken a steep fall can be seen till 880 .
Just My Personal View.
Lic has been in the channel for a long time. After facing upper trendline of the channel, stock has corrected and has reached the Lower part of the channel. A BUY can be iniated at 595 and can be added on dips till 580 For a target 780 With stoploss 560
Just My Personal View
The stock is again retesting the resistance for the third time, But this time a small breakout in RSI seen and MACD pointing upwards, and an increase in volume shows a breakout on the way.
Watchout for close above 865 for a big move for target 950/1000/1080
this time if BREAKOUT happens, the move ll be faster and bigger.
next few sessions important.