Lic Housing Finance looks good so far and maintaining the Bullish Structure on Weekly chart by forming HH HL. On the Daily Chart we can see good stages and transitions into stage-2 from stage-3. Only worried thing is the Anchored Bar that got made as a result of BO failure. So we may see some rejections while moving ahead till the BO area. I would like to execute...
As per my analysis, I could see a triangle pattern forming in LIC Housing Finance. This would mean once there is a breakout , it could reach a target of 360 from its current price of around 295. Please do let me know in case my understanding is wrong.
Breakout after 3 VCP's and with huge volume.
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LIC is again reversing from a strong resistance and prices may go further down. The entry idea, stop loss and everyday intraday trading ideas are given on our tellegraam channnell UG MARKET. Do your own research before taking a trade.