LICHSGFIN trade ideas
LICHSGFIN - Bullish Breakout with Strong VolumesNSE: LICHSGFIN is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
LICHSGFIN Getting Ready for a breakoutThe stock has been consolidating in a small range near the previous resistance area { 381- 384] for the past few trading sessions.
There are chances, that the stock is probably getting ready for a breakout.
A break above 384 levels can take stock to 390- 400 levels in the coming sessions.
Type of trade : swing
Trade at your own risk
LICHSGFIN.. Waiting for upmove!Funda Trigger: LIC IPO is around the corner.
Technical: Falling wedge pattern, high chance of upside breakout. In the daily time frame, it is showing breakout & re-test.
Note: This is a swing trade (time frame of 2-4 months). Trade as per your personal risk appetite.
Also, I have made the position. Hence, views are biased/skin-in-the-game.