Life insurance corporation of indiaLife insurance corporation of India on daily chart analysis. Please share your valuable feedback.
LICI trade ideas
LIC - Symmetrical Triangle Pattern Formation LIC Broke resistance of 16-Jan-24 and since the stock has taken one more support on same level. post that the stock is forming higher high , higher low and at the same time narrowing into Symmetrical Triangle Pattern. any breakout near 1000 will be start new uptrend for a possible target of 1250.
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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LIC will boom boomThe rounding bottom structure's breakout has been completed and new rally is on the way
LIFE INSURA CORP OF INDIA S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
LIC - Price Action Breakdown!Overview & Observation:
1. Fakeout from demand zone (liquidity) after double bottom (W) formation.
2. Breakur & Retest done.
3. Earnings are unstable
Trade Plan:
I want to avoid any position in the stock right now mainly due to 2 major reasons:
1. RRR is not favourable. ( prices are already near the minor reversal level).
2. Price action limited.
3. No proper setup to trade!
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
LICI: 600 on cards?The chart is self-explanatory as always :)
If you'd like to request an analysis, simply send us 100 coins as a token, and we'll be happy to post one for you.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Triangle pattern on LICILICI formed a triangle pattern on daily chart. Multiple support and resistance levels were tested with aggressive buyers seen in the last swing before the breakout. Also there was a spike in volume on breakout day indicating strong buyers out there. Stop loss can be held just below the breakout candle with target the width of the broader triangle. Risk reward is around 1:1.8
Hope you liked this idea, if so please boost this idea so others could benefit or leave a comment on what you think. I'll be glad to hear from you. Otherwise happy trading :-)
LICI 1DAY1. Good support and resistance
has observed
2. It looks like a symmetric triangle
candle formation tells it is bearish
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose .I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
LICI Big race "Market Cap": "₹6,19,403Cr.",
"Current Price": "₹979",
"High / Low": "₹1,175/552",
"Stock P/E": "15.4",
"Book Value": "₹96.7",
"Dividend Yield": "0.41%",
"ROCE": "149%",
"ROE": "130%",
"Face Value": "₹10.0"
LICI - down trendLICI : M pattern
Expected down fall for 4-5%
Long term : Bullish
Note: Education purpose only.
LICI Positional long tradeLICI sustaining above its breakout levels. Can show decent upside moving forward
LICI IPO based strategyresistance @ 750
support @ 530
those who bought in IPO above @ 750 added more
and hold
LICI DAILY ANALYSIS FOR LONG POSITIONLICI DAILY CANDLE ANALYSIS may be this lowest price near 550 can't come again so its long for me with the stop loss of 550 for the minimum target 750
Life Insurance Corporation of IndiaSuper trend line breakout seen on daily chart...
1065 to be closely watched out on CB... as this can again be a B/O Level....
Possible trading levels marked..
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Uptrend in LIC to continueThis is one of those clear Elliott Wave pattern to bet on.
Recent break of May, 2022 all time high and impulsive continuation of price indicates the presence of wave 3. In my opinion the wave 3 is still in progress. Counting the internals of wave 3 is quite tricky at the moment so avoiding it for now.
How to trade it ?
I'd be waiting for a clear 3 wave pullback (in 4th wave after completion of 3rd wave) with the price retracing to 0.382 Fibonacci level to trade it.
Will update the idea as price develops.
Thanks for reading!
LICI BUY ideaStock has broken its IPO level and comfortably trading above the level of IPO. If we focus on volumes, clear spikes in volumes in recent months are there. Can be good bet to trade. All targets are marked according to Fibonacci levels. Buy above 1046 levels only
LIC - Ready to move up?LIC seems to be getting ready to move up.
Its primed to give breakout of falling trendline on weekly and Daily TF.
LICI, Bullish, Kindly do your own studyLIC has given all time high breakout. This stock has crossed it'S listing day high.
Stock was falling consistently and now capture it's territory.
Life insurance corp of indiaSimple Price action
Formed Inverted Head & Shoulder Pattern In Weekely Timeframe.Gave Powerfull Breakout Of Neckline With Strong Volume.Looks good For Short term investment. Trading at 936,keep sl at 819,Target Can be 1660.
Disclaimer :- script disscussed only for education purpose. It is not any recommendation to buy or sell. You will be fully responsible for your profit and losses. If you have any question about my analysis, you can whatsaasp me on 9730763736.
LICI (Buy on deep)LICI is most popular stock in stock market. After long time stock cross its high. Wait for any small correction than you can make your position for long time.
LICILici's stock, with an IPO listing at 949 and a dip to 826 by January 5, 2024, currently stands at 844. Despite facing overhead supply from IPO allocations, the stock exhibits robust trading volumes above key moving averages. Recent business opportunities signal the potential for significant upside, urging investors to carefully consider entry and exit points amidst this dynamic market scenario.
