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manuagarwal21
Apr 27, 2022 10:46 AM

LICHSGFIN Getting Ready for a breakout Long

NSE:LICHSGFIN60
LIC HOUSING FINANNSE

Description

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The stock has been consolidating in a small range[ 384-377] 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
Trend AnalysisChart PatternsFlagLICHSGFINlichousinglichsgliclichousingfinancelichsgfinlongswingtradinglongtrade
Comments
rpranjit2210
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Thanks for sharing your analysis. What i could see that it tried 3 times at its resistance level and got rejected, so if its a gap down or opening below 377, it will fall down to 372 and 362 levels.
manuagarwal21
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@rpranjit2210, considering the price action, as of now, I do not see any probability of a gap-down opening.
rpranjit2210
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@manuagarwal21, well, lets see tmrw, then i will be back to you
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