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.
Please, take a second and support my effort by hitting the "LIKE" button, that’s the...
BUY LICHSGFIN 470-475 FOR BOUNCE TARGET 495
LIC is touching the lower end of trend line .
Assuming mkt is oversold and ripe for recovery one can buy LICHSGFIN around 470-475 for target of 495 ( upper end of trendline channel )
* Stock seems to much weak
1- Continue Falling in Lower low , Lower high forment .
2- Double Top pattern neck line break down .
3- Trend line also indicating stock can touch 500 levels for resume its trend .
4 -In most of case stock/Index retest its gap up/down opening .
It has been observed that the price action firstly formed a bearish engulfing candlestick pattern at the resistance zone indicating weakness in price action. This is also supported by bearish divergence in RSI, indicating further price action weakness. Therefore, from current levels price action may further dip down to the next support zone which can be seen at...
Looks like a rejection of resistance from a price action perspective.
But
1. Future kumo is bullish
2. Chikou is free no immediate resistance
3. TK crossover insight.
Likely to test the Kijun Sen around 547.... if it bonces off likely to crosss 560 resistance.
Daily closing basis
We will see support around 398, if bears are able to take this fort of support from bulls then another fall of Rs. 100 can be expected. For educational purpose, please do your own research before investing.
LIC Housing Finance Limited is engaged in the housing finance business. The Company provides loans for purchase, construction, repairs and renovation of houses/flats to individuals, corporate bodies, builders and co-operative housing societies. It operates through its subsidiaries, which include LICHFL Care Homes Limited, which is engaged in the business of setting up, running and maintaining assisted living community center/care homes for senior citizens; LICHFL Financial Services Limited, which is engaged in the business of marketing financial products and services; LICHFL Asset Management Company Limited, which is engaged in business of managing, advising, administering mutual funds, unit trusts, investment trusts and to act as financial and investment advisors, and LICHFL Trustee Company Private Limited, which acts as a trustee to venture capital trusts and funds. The Company operates primarily in India.
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LICHSGFIN
