The stock was seen rising in march 2023 in wave 1 all the way till June 2023. The retracement to this wave came in next 1month through the month of July.
Then from July till late September the stock was seen advancing up in wave 3.It spend the month of October subsequently in wave 4 corrective phase and now towards the year end, the stock is ready for wave 5 take...
Refer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any...
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
This stock is possibly still to make lower highs and lows, let's see what happens next.
One can go short with stop loss of hourly closing above 382, for targets upto 340.
Key Levels are Mentioned on chart
Macd in hourly
Rsi in hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor...
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
