🔻 LIC — Bearish Breakdown on Weekly Timeframe
LIC is showing a significant bearish technical development on the weekly chart, with price breaking below a multi-year rising trendline.
The breakdown is accompanied by a sharp increase in volume, adding credibility to the bearish structure and suggesting a potential shift in medium-term momentum.
The stock has also failed to sustain above the ₹450 resistance zone, which has acted as a major supply area over multiple attempts.
Key Levels to Watch
Immediate Support: ₹375
Major Support: ₹350
Next Support Zone: ₹325–₹320
Major Long-Term Support: ₹300
On the upside, ₹415–₹430 becomes an important resistance/retest zone. A recovery into this area followed by rejection could strengthen the bearish setup.
Bearish Scenario
A sustained weekly close below ₹375, followed by a breakdown below ₹350 with strong volume, could open the possibility of a deeper correction toward ₹325 and potentially ₹300.
However, the ₹300 level should be treated as a technical downside zone rather than a guaranteed target. Price action around ₹350 and ₹325 will be important for confirmation.
Market View
Trend: Bearish 🔻
Structure: Rising trendline breakdown
Volume: Strong bearish confirmation
Resistance: ₹415–₹430
Major Resistance: ₹450
Support: ₹375 / ₹350 / ₹325 / ₹300
LIC has entered a critical phase. The next few weekly candles will determine whether this is merely a correction or the beginning of a larger structural decline.
LIC is showing a significant bearish technical development on the weekly chart, with price breaking below a multi-year rising trendline.
The breakdown is accompanied by a sharp increase in volume, adding credibility to the bearish structure and suggesting a potential shift in medium-term momentum.
The stock has also failed to sustain above the ₹450 resistance zone, which has acted as a major supply area over multiple attempts.
Key Levels to Watch
Immediate Support: ₹375
Major Support: ₹350
Next Support Zone: ₹325–₹320
Major Long-Term Support: ₹300
On the upside, ₹415–₹430 becomes an important resistance/retest zone. A recovery into this area followed by rejection could strengthen the bearish setup.
Bearish Scenario
A sustained weekly close below ₹375, followed by a breakdown below ₹350 with strong volume, could open the possibility of a deeper correction toward ₹325 and potentially ₹300.
However, the ₹300 level should be treated as a technical downside zone rather than a guaranteed target. Price action around ₹350 and ₹325 will be important for confirmation.
Market View
Trend: Bearish 🔻
Structure: Rising trendline breakdown
Volume: Strong bearish confirmation
Resistance: ₹415–₹430
Major Resistance: ₹450
Support: ₹375 / ₹350 / ₹325 / ₹300
LIC has entered a critical phase. The next few weekly candles will determine whether this is merely a correction or the beginning of a larger structural decline.
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ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน