heading toward 647-52 range for target of 3rd/C wave in hourly chart. We have a long term target of above 850 and stock may make a new high in 2024-25 ( above 850 range). in 5th wave of weekly chart.
Observations:
I can see the LIC Housing Finance has broke out of its yearly resistance.
Zooming out, Surprised to witness that, the stock is nearly at the same structure (technically) where it was in 2014. As if it is retracing.
In 2014 after its breakout hits the 500 round figure and corrected.
Now I can presume the 1000 round figure would do the same.
If...
LICHSGFIN MONTHLY CHART
Ellipse breakout @ 544 Target MOB @ 805-835
This stock has witnessed an ellipse breakout @ 544 levels, target projected as Make or Break levels (MOB) is @ 805-835
Its only an observation & not any suggestion or recommendation.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
NSE:LICHSGFIN
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
💥LIC Housing Finance💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-500-505
Breakout Price-497
Stoploss-442
Targets-629
RT for max reach
#LIC #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
We are expecting a quieter move in Lic Housing Finance which is trading at 458. We have shown lic housing at 5 15 75 and 125 minute.
We are expecting that above 460 level closing with with confirmation closing We can see high levels We are expecting to see 465 470 481 491 and 505 plus levels in coming days So one can set stop loss at 448 Level.
disclaimer: these...
The stock is moving out of a long accumulation zone. After a spring just below the 50 DMA the stock recovered and now moved past the accumulation zone. Volume Support also coming in. Relative strength, Money flow and Buying pressure all positive and rising. Increased delivery volumes also adds to the strength. The stock looks poised to go much higher and test 540 levels
I had posted a daily chart of LIC HSG yesterday showing how it should begin a wave 5 move towards 500 soon. Please refer to that chart to get a better understanding of this one.
This chart only shows the correction of wave i of 5 coming to an end.
A dip below 450 was strongly recovered intraday today.
the reversal price of 444 can be used as SL to make an entry...
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...
