LICI
Updated
Stock is consolidating from its life time high of 1175 since 9-FEB-2024. Multiple rejections in the range of 1060-1090.
due to market news and elections the stock is very volatile. I see the immediate support at 1000 and its a psychological level.. if this level is broken then the next strong support level is 867.
I suggest to exit the stock at 1080 levels and wait for accumulation zone 1000-950 levels (50% quantity) and 867-890 levels
Fibonacci levels suggest if the bullish trend continues then the targets 1081, 1175, 1213, 1345
if the stock price falls then the target levels are 1000, 961,898 & 835
due to market news and elections the stock is very volatile. I see the immediate support at 1000 and its a psychological level.. if this level is broken then the next strong support level is 867.
I suggest to exit the stock at 1080 levels and wait for accumulation zone 1000-950 levels (50% quantity) and 867-890 levels
Fibonacci levels suggest if the bullish trend continues then the targets 1081, 1175, 1213, 1345
if the stock price falls then the target levels are 1000, 961,898 & 835
Trade active
First target crossed be cautious and maintain strict stop-loss as suggested
Trade closed manually
high 1173 achieved.. no further trades recommended
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