LIC is in a great buy-in zone for mid term or Long term.
Warning: Only for risk-taker Investors. The share is at a risky level. However, I am very positive and confident share will not break the support level of 650.
STRATEGY: When share touch 650 and bounce back with a green candle then buy in small lots say 25. When there is again an upward movement in the stock, then again we will add a quantity.
Buying @ CMP 650-655
Target : 670-675
SL - If the Support level breaks 650, then we don't know how much it will go down. So as per your risk percentage say 5% you decided, then calculate the risk and put SL.
STRATEGY: When share touch 650 and bounce back with a green candle then buy in small lots say 25. When there is again an upward movement in the stock, then again we will add a quantity.
Buying @ CMP 650-655
Target : 670-675
SL - If the Support level breaks 650, then we don't know how much it will go down. So as per your risk percentage say 5% you decided, then calculate the risk and put SL.
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