LICHSGFIN
Lic Housing Finance - Bullish StructureLic Housing Finance looks good so far and maintaining the Bullish Structure on Weekly chart by forming HH HL. On the Daily Chart we can see good stages and transitions into stage-2 from stage-3. Only worried thing is the Anchored Bar that got made as a result of BO failure. So we may see some rejections while moving ahead till the BO area. I would like to execute a 450 CE of Feb 2021 expiry if see some good volume and price moving out from Price Value Area i.e. PVA.
LIC HOUSING FINANCESelf Explanatory.
Breakout after 3 VCP's and with huge volume.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Short Term SellLICHsg looks like its gonna be retesting the lows once again. The whole structure on the left looks corrective upside and now there is a consolidation which on a break out, can go towards the lows. This looks like a good term short sell opportunity. The risk reward is decent too.
** This is not a trade advise**