SWING IDEA - LICLife Insurance Corporation of India (LIC) , a leading insurance company, is exhibiting technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
1080 Zone Tested Multiple Times : The 1080 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart suggests strong buying pressure and potential for further upward movement.
Bullish Engulfing on Weekly Timeframe : The presence of a bullish engulfing candle on the weekly chart indicates a potential reversal in trend and strong buying interest.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Constant Higher Highs : The stock has been consistently making higher highs, indicating a strong uptrend and sustained bullish sentiment.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
Target - 1170 // 1250
Stoploss - daily close below 990
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LICHSGFIN
LICHSGFINLICHSGFIN is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains.
Entry: Enter a long position at LICHSGFIN's ATH price + 4% (825.75)
Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (660.60) or Weekly Swing Low
Targets:
First Target: 1,170.20 (Fibonacci 1.618 level)
Second Target: 1,402.75 (Fibonacci 2 level)
Third Target: 2,011.50 (Fibonacci 3 level)
Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1%
The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits.
The position sizing ensures that you are not risking more than you can afford to lose.
Disclaimer:
This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions.
Additional Notes:
Consider using technical indicators and chart patterns to refine your entry and exit points.
Monitor market conditions and adjust your strategy accordingly.
Practice risk management techniques to protect your capital.
Please let me know if you have any other questions.
LICHSFINNSE: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 trade setup 29th November, 2023We 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 levels are just for informational and educational purpose only, Please do your own research before taking any position.
TRADE SETUP_LICHOUSINGFINI 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 .
CMP - 450
SL 444
Target 480
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.
L&TFH L_TFH 133 ->160 21% recommended buy - Rachit SethiaL&TFH 133
TGT 160+
SL 120
RR > 2.5
Return > 21%+
Timeframe < 6 months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#GICHSGFIN #IBULHSGFIN #REPCOHOME #LICHSGFIN #HDFC #HUDCO #LOAN
NSE: GICHSGFIN
CMP: 143
Target 183 ~28%
Stop Loss: 129
TF < 3M
RR > 2.8
NSE:GICHSGFIN
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
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
LICHSGFIN LONG INTRADAY 17 JUN,2021Dear trader,
If u look at the chart of LICHSGFIN (analysis based intraday only) the LICHSGFIN Buy at 490 and Target at 505
Best Buy at 485.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis