LICHSGFIN trade ideas
LICHSGFIN BUY ABOVE 458- 460Hi Friends,
As per chart pattern, Buy possible between 458-460 on closing basis (Daily candle) with SL 437 and Target 464, 474, 480
Today, stock closed above rectangle pattern level (450) with good volume suggesting upward movement possible
Posting for Education purpose only
Risky traders can exist if stock trade below 453/450 support level
LIC Housing Finance ShortEMA Acting as a resistance and the stock is in Supply Zone already. Good Positional Short if it closes below 432. View Negated if it closes above 442 on spot. #LICHSF
Short LICHSGFIN SL-436.70Trade is reversible in itself if SL hit means to reverse the trade without any doubt if SL hit.
LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 412LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 412
LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 416LICHSGFIN (LIC Housing Finance Limited) SELL BELOW 416
LICHSGFIN (LIC Housing Finance Limited) BUY ABOVE 416LICHSGFIN (LIC Housing Finance Limited) BUY ABOVE 416
LIC HousingIts giving a break out after forming double bottom on daily charts, one can initiate a trade with a stop of 410 and for the target of 455 in days to come
LIC Housing Finance short positionLIC Housing has started downtrend and we have drawn a resistance line from down trend which acts as moving SL for our position. LIC Housing Open Short around 465 Target 440 SL 473 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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BUY LICHSGFIN 470-475 FOR BOUNCE TARGET 495BUY LICHSGFIN 470-475 FOR BOUNCE TARGET 495
LIC is touching the lower end of trend line .
Assuming mkt is oversold and ripe for recovery one can buy LICHSGFIN around 470-475 for target of 495 ( upper end of trendline channel )
LIC Housing Fin - Showing WeaknessIt has been observed that the price action firstly formed a bearish engulfing candlestick pattern at the resistance zone indicating weakness in price action. This is also supported by bearish divergence in RSI, indicating further price action weakness. Therefore, from current levels price action may further dip down to the next support zone which can be seen at the previous gap up movement. Now expecting the price action to reach next support zone at 500 levels with SL 555
Target- 500
SL - 558
