Does the correction in LIC over?From the time LIC is listed has given negative returns to the investors. Ellot wave suggests the stock has formed the base. Upside 680 / 720 is likely
LICI trade ideas
LIC in uptrend,with CUP & HANDLE breakoutstrong price & volume action in lic ,Cup & handle Pattern Braekout with good volume First Target 830
licwooo
stock at best level to add
volume, helping stock move up
market is bullish, so may get stock help
quantity must be maintained and accumulate at dip
no recognition for buy and sell
LIC India goes into a 'Wave 3' impulseThe largest insurer in India showed a massive volume and price gain on Friday's trading session bringing itself into some spot light.
The stock was in a corrective triple three structure from the start of Sep. until Nov 13 when it completed the correction with a truncated 'wave 'z''.
In a matter of only 7 trading days after having completed the correction, the stock is up 12% from bottom 'z'.
While Friday's move might make it look like the stock has over-shot a bit but in totality of things the 'wave 3' is not even half-way from its target. INR 780-790 zone is the projected wave 3 target.
It makes sense to accumulate this stock between INR 655-685 levels before it jumps above the INR 700 mark.
CMP 677
Support zone 655-660
Target 780
Note*- Please do thorough analysis of any financial instrument before you trade/invest in it. The views expressed here are my personal opinions and not an advice to buy/sell.
LICINSE:LICI
Volume Breakout
Spertrend in Buy zone in Daily & Hrly time
Rsi >50
Moving Average in BUY
Wait for retest near 650
LICI in actionAfter a strong correction stock has given breakout in weekly TF. It may go up till its ipo issue price or can create all time high in mid to long term.
Note- This chart is only for educational purpose and not a buy/sell recommendation, please trade as per your analysis
Can LIC Reach Listing levels?Technically its looks like it can!
Recently LIC has broken out the trend line and closed above 700 levels.
We may see 920 valuation soon.
LICI - Stock AnalysisSymbol: LICI
Close: 677.65
Today's Volume: 18997036
Sector: Financials
Go Long above: 691
Stop Loss: 574.85
Resistance & Support:
📉 R: 700 || 722 || 761
📈 S: 638 || 599 || 577
LIC NEW JOURNEY BEGINS...........💪💪💪Company is fundamentally strong. Three times growth 📈 in profits. Let's see 🙈🙈🙈.......Tukka
LIC NEW JOURNEY BEGINS............Company is fundamentally strong. Profit growth 📈 is three times......... technically confirmed......... let's see 🙈🙈🙈
LiciThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
LIC Symmetrical triangle pattern BO in weekly TF.....LIC is getting ready...........will add in dips with the SL of 600 (weekly closing)
LIC LongLevels Marked with R is resistance, T is targets and S are the supports,
The post is for learning and educational purposes
BUll may hit hard, provided it hitsBUll may hit hard, provided it hits
Stock may retouch its lowest level
I am LICI stock BuyI am LICI Buy in Daily Timeframe.Because prev weekly HH Break and Retest in Daily Timeframe.
LICI Sideways channel breakout done today.
DEMA also indicate bullishness
RSI Bullish
MACD Bullish
Good setup for create long position.
Disclaimer This is my personal view for education purpose only.
A possible target of LICI It's negative on weekly and possible target are as mentioned in the chart. Do mantain the Sl, if your're taking the trade.
Note: This is only for educational purposes, I do not provide any type of tips.
LICIPrice always support trend line means stock in a uptrend zone.
Price above in DEMA also means stock in a uptrend zone.
If the trend line break and make lower high lower low formation it means trend reversal.
20Dema is a dynamic support 644 wait and watch situation as now.
Don't make any entry 🚫
Wait for confirmation.
Macd & Rsi also show little weakness in trend.
Disclaimer:- This is my personal view for education purpose only.
No Buy sell recommendations give by me.
LICCompany is almost debt free.
Company has delivered good profit growth of 71.6% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 108%
it is far below ipo listing price
recently company has shown good revenue generation with good profit margins
IT HAS FORMED COMPLEX HEAD AND SHOULDER PATTERN
FIRST TARGET WILL BE AROUND T1-750 which is recent high
SECOND TARGET WILL BE NEAR IPO PRICE T2-910
LIC RISING WEDGE PATTERNRising Wedge pattern has been formed on LIC breakout is done now it's consolidating in a range downside breakout of the range will give a good bearish impulse.
Expected Targets are:
TP1 - 635.30
TP2 - 626.50
TP3 - 623
LONG in LICI with a small SL for Big Targets.After making a cup n handle formation LICI is holding up near 50EMA and above 200EMA since last 25 trading sessions, this 615-635 level is also a retesting zone of support area after a Breakout of Cup n Handle formation. Thus we may consider this phase as cool-off period prior to a fresh Breakout. Levels are mentioned on Chart itself.
As Stop Loss is very small here, this trade suits me.
Do comment below if you have any opinion.
Happy Investing :)
