Life Insurance Corporation of India view for tomorrowIntraday view for tomorrow...
LICI buy above 682
sell view below 674
Follow risk reward and stop loss
LICI trade ideas
LICI- next stepHere we wait for breakout and hard closing.. if breakout above and hard close... then our target is dashed yellow line 💛, or if breakout below and hard close then our target will be green dashed line... be patient wait for ha3d close.. before taking any position
LIC STOCK ANALYSISAs expected in the last post(linked), we have seen further weakness in the stock and still, the price structure of the stock does not look promising.
Immediate resistance for the stock: 705-720
Immediate support at 655-650
Life India Corporation - LICLIC to touch around Rs. 500/-
This is just an opinion and you can do your own analysis. This is not a recommendation to Buy or Sell.
LIC- why the share price fell so much?As per logic , when a price of an equity fell from listing date means,
either , secondary market players not interested in current pricing.
or the Major stakeholder is making money by off-loading his portion .
here we use our EW to find the bottom . 650 is our 5 th wave ending price .
if it supported here you can see a pickup of this stock from next week.as ABC
LIC STOCK VIEW ANALYSIS LIC SHARE PRICE TARGET India's Largest Insurance Provider
Owned by Govt of India
IPO was subscribed 2.95 times
Listed at Discount on 17 May 2022
Listed in the large-cap category
It is assumed that the poor listing of the stock is because of the adverse market conditions, but charts are telling a different story and also indicate further weakness in the stock.
Since the stock is trading in uncharted territory, we can derive support levels with the help of Fibonacci and harmonic patterns.
Current price action suggests that the weakness can continue further until the next support levels, which we have derived from Fibonacci i.e 723 levels.
So keep an eye on the price action, if you are keen on investing in LICI and look out for positive price action for spotting any bottom formation in the stocks.
Currently picking this falling knife can be disastrous for your portfolio, so sit tight and wait for the right opportunity and the right price for entering the stock.
LICI IS GOING DOWN MORE!!!LICI is very overvalued in IPO price imo lets see how it goes in coming days
LIC SUPPORT AND RESISTANCE ZONESSTOCK negative outlook, check support and resistance levels , and breakouts
LICI MAY 17, 2022 / 10:48 PM IST
LIC IPO market debut highlights: Stock ends first trading day at Rs 872/share on BSE, down 8% from issue price
The stock ended the first day of trading at Rs 872.70, down Rs 76.30, or 8.04 percent. It has touched an intraday high of Rs 920.00 and an intraday low of Rs 860.10.
