One can buy Lic housing fin. around the present level with SL around 320 level for a target of 650 in short to medium term, I think the LIC IPO will be the triggered point and i expect a sharp upmove in this script. Risk Reward ratio seems very good around 1:5
The 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
Any pullback sign could be an opportunity to enter & confirmation for a long with the volume greater than previous weeks.
Red line violation will nullify the view.
Act as per your risk appetite & your believe.
LIC Housing Finance Positional Long 6 months to 1 year Horizon
Buy on Dips between 402 to 430 or can be accumulated on dips to till stop loss level
1st Target 455
2nd Target 490 to 492
3rd Target 541
LIC housing finance forming a inverted HNS in the chart breaking the previous resistance and long term trend line, this is the right time to GO long in this stock.
Disclaimer: Im not a SEBI registered, Education purpose only.
LIC Housing is trading in the range and it has maintained a strong resistence levels at 290-295. In last few trading sessions, everytime the stock corrects from those levels. As History repeats, we can short the stock at current levels with a strict stoploss of 300, Target open at lower side.
EMA Acting as a resistance and the stock is in Supply Zone already. Good Positional Short if it closes below 432. View Negated if it closes above 442 on spot. #LICHSF
LIC Housing has started downtrend and we have drawn a resistance line from down trend which acts as moving SL for our position. LIC Housing Open Short around 465 Target 440 SL 473 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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