LICHSGFIN trade ideas
LIC Housing Finance: Will the house be deliveredWe will see support around 398, if bears are able to take this fort of support from bulls then another fall of Rs. 100 can be expected. For educational purpose, please do your own research before investing.
Chances of Breaking Today's Low. If Low Breaks then 516 will be The target. If High Breaks then 526 will be the target.
LICHousingFinance, Tripple BottomDowntrending stock (negative crosses of MAs) making Tripple Bottom Pattern on daily chart. If the present level is broken down, target could be at the region of 455-458.
lichfin bigger expanding ending diagobnal ...smaller time fram one more expanding diagonal is forming
for longer term it should correct once it touches high of 640 ..than sharp correction to downside expected
LIC HOUSING viewCmp 646
The stock is at important resistance zone and may find it tough to cross 646-662 levels in the short term.
On the down side it may fall up to 620 / 605 levels once again
Take care & safe trading...!!!
Cup n handle and trendline supportstock is is d process of making a cup and handle formtion.there is a strong support in the 540-545 zone along with an upward sloping trendline which makes it a good prospect to initiate a long position.
Stoploss-Close below 530
Tgt1-570
Tgt2-590
