LICHSGFIN trade ideas
LIC HOUSING (Daily Chart): NEUTRALLIC Housing is trading in the range and it has maintained a strong resistence levels at 290-295. In last few trading sessions, everytime the stock corrects from those levels. As History repeats, we can short the stock at current levels with a strict stoploss of 300, Target open at lower side.
Short Term SellLICHsg looks like its gonna be retesting the lows once again. The whole structure on the left looks corrective upside and now there is a consolidation which on a break out, can go towards the lows. This looks like a good term short sell opportunity. The risk reward is decent too.
** This is not a trade advise**
Good House, Good Living (Quarantine Side Effects)Weekly Char showing Double Bottom (Line Chart) and RSI Divergence, Both.
A demand of good house and and good living may increase during self isolation or home quarantine.
This may increase the House Loans among people.
People may prefer Govt Company rather than Private Company