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Is this right price to buy?

Discussion in 'Technical Analysis' started by mbjeh, Feb 26, 2014.

  1. mbjeh

    mbjeh New Member

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    Is 206-207 the right price to buy LIC Housing Fin. with a target of 220 & stop loss of 200?
     
    mbjeh, Feb 26, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Levels look perfect.
     
    shabbir, Feb 26, 2014
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  3. yankeedin

    yankeedin Responder

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    lic is in trading range of 300 and 340 for last two month. It has again just moved up from near 305 levels. I feel keeping sl of 300, one can enter at cmp of 312 for target of 330-340.
     
    yankeedin, Jul 23, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    I would avoid as I see lower top lower bottom being formed in this but yes if you can keep 300 as strict stop loss, should not be a bad trade.
     
    shabbir, Jul 24, 2014
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  5. yankeedin

    yankeedin Responder

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    Lic @ life time high.

    already should have bought above 430. still can be bought @cmp with sl of 397~400.target 455/475/495

    Note: I already own this stock @220 for long term
     
    Last edited: Dec 3, 2014
    yankeedin, Dec 3, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    Don't see any support around 400?
     
    shabbir, Dec 4, 2014
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  7. yankeedin

    yankeedin Responder

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    After correction to 400 the stock has moved up.. So 400 should be SL. Right?
     
    yankeedin, Dec 4, 2014
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  8. shabbir

    shabbir Administrator Staff Member

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    Don't see in daily chart that it moved to 400 in correction

    http://chartink.com/stocks/lichsgfin.html

    Am I missing something?
     
    shabbir, Dec 4, 2014
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  9. yankeedin

    yankeedin Responder

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    Chart is correct.. See it made high of near 425/8 ..after that it corrected to 400...then bounced back and taken out previous high.
     
    yankeedin, Dec 4, 2014
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  10. yankeedin

    yankeedin Responder

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    Attaching chart
     

    Attached Files:

    yankeedin, Dec 4, 2014
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  11. shabbir

    shabbir Administrator Staff Member

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    Sorry somehow it was showing me monthly data and yes your levels are spot on.
     
    shabbir, Dec 4, 2014
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  12. yankeedin

    yankeedin Responder

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    achieved first target today
     
    yankeedin, Dec 10, 2014
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  13. shabbir

    shabbir Administrator Staff Member

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    Party time. :D


    Sent from my iPhone using Tapatalk
     
    shabbir, Dec 10, 2014
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