L I CLICHSNG fut broke out of descending channel pattern on an hourly charts with decent OI build up.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & targets.
Lichousingfinance
TRADE SETUP_LIC HOUSINGFIN_10% upsideThe 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 off and can move towards 500 mark in November-December.
It should be noted that since the wave 3 was shorter than wave 1 it should be presumed that wave 5 will be the shortest and therefore a modest target of 500 is projected for this stock.
The stock is currently near a strong support area of 450.
440 can be used as a SL.
Please note the wave counts have been studied and marked on a 3hour chart.
Note*- Views expressed here are my personal observations/opinions. Always do your own analysis/research before taking up any financial position.
Lic Housing Finance I Buy Lic Housing Finance stock at Daily Timeframe. And minimum Target is 1:1 & after using trailing Stoploss.
lic housing finance buy @ cmp or wait for retrecement ascendinglic housing finance buy @ cmp or wait for retrecement
ascending triangle breakout
risk reward 1.8
sl@372
LICHSGFIN Short term Swing but OpportunityRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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LIC HOUSING FINANCELIC Finance is trading in triangle pattern wait for breakout for entry can show a good move after breakout in anyside
LIC HOUSING FINANCELIC finance stock is making triangle pattern if it breaks then it can give momentum in breakout direction.
LICHSGFIN Getting Ready for a breakoutThe stock has been consolidating in a small range near the previous resistance area { 381- 384] for the past few trading sessions.
There are chances, that the stock is probably getting ready for a breakout.
A break above 384 levels can take stock to 390- 400 levels in the coming sessions.
Type of trade : swing
Trade at your own risk
LICHSGFIN This stock is possibly still to make lower highs and lows, let's see what happens next.
One can go short with stop loss of hourly closing above 382, for targets upto 340.
Key Levels are Mentioned on chart
Macd in hourly
Rsi in hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
LIC Housing Finance Long breakout Trendline Any pullback sign could be an opportunity to enter & confirmation for a long with the volume greater than previous weeks.
Red line violation will nullify the view.
Act as per your risk appetite & your believe.
LIC Housing Finance Positional Long 6 months to 1 year HorizonLIC Housing Finance Positional Long 6 months to 1 year Horizon
Buy on Dips between 402 to 430 or can be accumulated on dips to till stop loss level
1st Target 455
2nd Target 490 to 492
3rd Target 541
