LICHSFINNSE:LICHSGFIN
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
LICHSGFIN trade ideas
LIC housing finance trade setup 29th November, 2023We are expecting a quieter move in Lic Housing Finance which is trading at 458. We have shown lic housing at 5 15 75 and 125 minute.
We are expecting that above 460 level closing with with confirmation closing We can see high levels We are expecting to see 465 470 481 491 and 505 plus levels in coming days So one can set stop loss at 448 Level.
disclaimer: these levels are just for informational and educational purpose only, Please do your own research before taking any position.
LICHSGFINThe stock is moving out of a long accumulation zone. After a spring just below the 50 DMA the stock recovered and now moved past the accumulation zone. Volume Support also coming in. Relative strength, Money flow and Buying pressure all positive and rising. Increased delivery volumes also adds to the strength. The stock looks poised to go much higher and test 540 levels
TRADE SETUP_LICHOUSINGFINI had posted a daily chart of LIC HSG yesterday showing how it should begin a wave 5 move towards 500 soon. Please refer to that chart to get a better understanding of this one.
This chart only shows the correction of wave i of 5 coming to an end.
A dip below 450 was strongly recovered intraday today.
the reversal price of 444 can be used as SL to make an entry .
CMP - 450
SL 444
Target 480
TRADE SETUP_LIC HOUSINGFIN_10% upsideThe stock was seen rising in march 2023 in wave 1 all the way till June 2023. The retracement to this wave came in next 1month through the month of July.
Then from July till late September the stock was seen advancing up in wave 3.It spend the month of October subsequently in wave 4 corrective phase and now towards the year end, the stock is ready for wave 5 take off and can move towards 500 mark in November-December.
It should be noted that since the wave 3 was shorter than wave 1 it should be presumed that wave 5 will be the shortest and therefore a modest target of 500 is projected for this stock.
The stock is currently near a strong support area of 450.
440 can be used as a SL.
Please note the wave counts have been studied and marked on a 3hour chart.
Note*- Views expressed here are my personal observations/opinions. Always do your own analysis/research before taking up any financial position.
LICHSGFIN Short term Swing but OpportunityRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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