LIC Housing Finance: Is it tracing back the history.!!
Updated
Observations:
Clarification on Markings:
- I can see the LIC Housing Finance has broke out of its yearly resistance.
- Zooming out, Surprised to witness that, the stock is nearly at the same structure (technically) where it was in 2014. As if it is retracing.
- In 2014 after its breakout hits the 500 round figure and corrected.
- Now I can presume the 1000 round figure would do the same.
- If its financials back-it-up strongly, there is no wonder the price will retrace its pattern once again.
- One can see the wedge (ASCENDING BOARDING WEDGE) of LIC, playing out (3rd leg) nicely...
Clarification on Markings:
- x: pole has double to: 2x
- xyz: pole .......?
Comment
The Financials of the Company are in support of what technicals have indicated:EARNINGS are Almost flat
REVENUE Surprised estimates with 2.68%
Comment
Jun Qtr results are quite on the opposite side of the expectations. This along with new's that impacting the short-term sentiment, might triggered the profit booking or sell-off.
If someone tracking this, should observe the [weekly] close below 50-wEMA.
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