LONG in LICI with a small SL for Big Targets.After making a cup n handle formation LICI is holding up near 50EMA and above 200EMA since last 25 trading sessions, this 615-635 level is also a retesting zone of support area after a Breakout of Cup n Handle formation. Thus we may consider this phase as cool-off period prior to a fresh Breakout. Levels are mentioned on Chart itself.
As Stop Loss is very small here, this trade suits me.
Do comment below if you have any opinion.
Happy Investing :)
LICI trade ideas
LIC of India trying to make a comeback after consolidation.Life Insurance Corporation of India is the largest multinational insurance corporation and an institutional investor with an asset under management of more than 45 trillion INR. The company offers insurance plans, pension plans, unit linked plans, withdrawn plans and health plans with many other group schemes.
Life Insurance Corporation CMP is 635.75. Negative aspects of the company are declining cash from operations and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt and zero promoter pledge.
Entry after closing above 643. Target of the call will be 653 and 666. Long term targets in the stock will be 681 and 704. Stop loss in the stock should be maintained at closing below 595.
LICI view for ATL need to break for more fallLICI view for today 23rd Feb Thursday
583.15 ALL TIME LOW...
Below 580 sustain then more fall chance in short time frame
If touch 583 then it will be tripple bottom....
Charts for Educational purposes only.
Please do follow strict stop loss and risk reward if you follow my level
Thanks,
V Trade Point
Buy LIC from this level Result fabulous aye hainLIC has posted awesome result,,,and now its trading in lower range,,this has fallen due to ADANI GROUP but this is best time to enter for short term as well as long term,,level i have already put on chart..Trade accordingly but really this is best level, you might won't get these level again.
Please guy's like and follow me for future updates.
Thankyou:))
LICin this chart we see that one zig zag is completed . also one up trend is completed in form of 5 waves.
now this chart is about to complete its correction after that we can see 1 big bullish move . if you want to take position in lic this is the main levels.. your stoploss must be in 586 range. If it retest this range we can see one big rally .. goof for long term .. Invest at our own risk this is not guaranteed chart.. this is as per my technical which i learnt from past years..
lets talk about falling IPO or ico what ever it was HI there TV what every i share is not a finical advice my objective here is to educate you i don't take responsibility for your loss you are a rational adult do your own research before doing anything
so after hanseberge brake down of adani firms and made quite the Accuse we can't ignore them as an investor and traders it our responsibility to be natural as much as we can
that reports might be true might be wrong, but there is sharp move down
the motive of this post is to let you know the key levels and what can happen, first we proceed with bearish case
once lic lost 636 and 588 there is big swing can come here which can drop the prices to 480 that a minimum target
now talk about bullish case it does look like a head and shoulder and to compete this condition lic should respect 649 or 636 once lost it the bearish case would take charge
we will be updating what happen in charts future so support us like share comment
be rational happy trading k910 out
Har har Mahadev