In this monthly chart of LICI, we observe a clear ascending channel pattern forming over the past two years. The price has consistently respected both the support and resistance trendlines, creating a strong bullish structure.
Currently, the stock is bouncing off the lower support trendline, indicating a potential upward move towards the upper resistance zone. This offers a positive long-term outlook, especially if the momentum sustains. The key levels to watch are:
Support Zone: Around ₹850–₹900
Resistance Zone: ₹1250–₹1300
Traders and investors can monitor for a gradual rise toward the resistance level. A breakout beyond this channel may open up new highs, while a breakdown below the support trendline would invalidate the pattern.
Currently, the stock is bouncing off the lower support trendline, indicating a potential upward move towards the upper resistance zone. This offers a positive long-term outlook, especially if the momentum sustains. The key levels to watch are:
Support Zone: Around ₹850–₹900
Resistance Zone: ₹1250–₹1300
Traders and investors can monitor for a gradual rise toward the resistance level. A breakout beyond this channel may open up new highs, while a breakdown below the support trendline would invalidate the pattern.
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📈 Trade Smarter with TradZoo!
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📣 Forex Telegram: t.me/tradzoofx
📲 Mobile App: tradzoo.com/download
📲 Forex App:tradzoo.com/forex/download
🔗 Website: bit.ly/tradzoopage
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
