LIC STOCK ANALYSIS | LIC SHARE PRICE TARGET | कहां तक गिरेगा LIC Stock?

Описание: LIC STOCK ANALYSIS | LIC SHARE PRICE TARGET | LIC STOCK HOLD OR SELL
#स्टॉकमार्किट #ट्रेनिंग #licipo #learn #trading #investing

LIC is India's Largest Insurance Provider

Owned by Govt of India

IPO was subscribed 2.95 times

IPO price: 949 (current prices are down over 17% from its issue price)

#licipo 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 and 720 from the harmonic pattern( ABCD)

Support band 720-723

So keep an eye on the price action, if you are keen on investing in LICI, 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.
#investing #insurance #ipos #technicalanalysis
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