TradingView
shivalingesh
Dec 17, 2023 9:56 AM
LIC Housing Finance: Is it tracing back the history.!!
Long
NSE:LICHSGFIN
1M
LIC HOUSING FINAN
NSE
Description
⋅
Dec 17, 2023 9:56 AM
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
⋅
Feb 5, 2024 4:36 PM
The Financials of the Company are in support of what technicals have indicated:
EARNINGS are Almost flat
REVENUE Surprised estimates with 2.68%
Support and Resistance
Trend Lines
Wedge
More