SWING IDEA - LIC
Mis à jour
Life Insurance Corporation of India (LIC), a leading insurance company, is exhibiting technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 1170 // 1250
Stoploss - daily close below 990
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Commentaire
we are close to our Stoploss, stay alert!Trade fermée: ordre d’arrêt atteint
stoploss hit : -7.2%Clause de non-responsabilité
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