shivalingesh

LIC Housing Finance: Is it tracing back the history.!!

Long
shivalingesh Updated   
NSE:LICHSGFIN   LIC HOUSING FINAN
Observations:
  • I can see the LIC Housing Finance has broke out of its yearly resistance.
  • Zooming out, Surprised to witness that, the stock is nearly at the same structure (technically) where it was in 2014. As if it is retracing.
  • In 2014 after its breakout hits the 500 round figure and corrected.
  • Now I can presume the 1000 round figure would do the same.
  • If its financials back-it-up strongly, there is no wonder the price will retrace its pattern once again.

  • One can see the wedge (ASCENDING BOARDING WEDGE) of LIC, playing out (3rd leg) nicely...

Clarification on Markings:
  • x: pole has double to: 2x
  • xyz: pole .......?
Comment:
The Financials of the Company are in support of what technicals have indicated:
EARNINGS are Almost flat
REVENUE Surprised estimates with 2.68%
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