As expected in the last post(linked), we have seen further weakness in the stock and still, the price structure of the stock does not look promising. Immediate resistance for the stock: 705-720 Immediate support at 655-650
LIC to touch around Rs. 500/- This is just an opinion and you can do your own analysis. This is not a recommendation to Buy or Sell.
As per logic , when a price of an equity fell from listing date means, either , secondary market players not interested in current pricing. or the Major stakeholder is making money by off-loading his portion . here we use our EW to find the bottom . 650 is our 5 th wave ending price . if it supported here you can see a pickup of this stock from next week.as ABC
India's Largest Insurance Provider Owned by Govt of India IPO was subscribed 2.95 times Listed at Discount on 17 May 2022 Listed in the large-cap category It is assumed that the poor listing of the stock is because of the adverse market conditions, but charts are telling a different story and also indicate further weakness in the stock. Since the stock is...
LICI is very overvalued in IPO price imo lets see how it goes in coming days
Lic is free falling if that trend continues go short on monday
STOCK negative outlook, check support and resistance levels , and breakouts
MAY 17, 2022 / 10:48 PM IST LIC IPO market debut highlights: Stock ends first trading day at Rs 872/share on BSE, down 8% from issue price The stock ended the first day of trading at Rs 872.70, down Rs 76.30, or 8.04 percent. It has touched an intraday high of Rs 920.00 and an intraday low of Rs 860.10.