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Price and trend forecast of LICHSGFIN for Tomorrow, Weekly, Monthly

LIC Housing Finance Limited

Symbol: NSE:LICHSGFIN

ISIN: INE115A01026

654.05

As on 2024-04-16

324.50 (52W Low) 671.95 (52W High)

LICHSGFIN's Today's Performance

LIC Housing Finance Limited started the day by opening at 635.00 today 2024-04-16. Its shares reached a high of 661.65 and dipped to a low of 633.55 in intraday. When the markets closed, LICHSGFIN’s stock price settled at ₹654.05 per share. Also check out its key support and resistance levels.

LICHSGFIN Buy/Sell Targets

Tomorrow, buy LICHSGFIN when its price reaches ₹ 654.05 with a stop-loss order at ₹ 641.90. You can set the target price as ₹ 666.20 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of LICHSGFIN for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for LICHSGFIN

Resistance Levels Value in ₹
Tomorrow Resistance 1 666
Tomorrow Resistance 2 678
Tomorrow Resistance 3 694

Important Supports for LICHSGFIN

Support Levels Value in ₹
Tomorrow Support 1 638
Tomorrow Support 2 622
Tomorrow Support 3 610
Based on where the stock opens tomorrow, if LICHSGFIN opens on a positive note, our first target will be ₹666. If Target 1 is achieved, we will aim for Target 2 which is ₹678.

But if LICHSGFIN falls below the average value of ₹649.75, you can enter a sell side position with target number 1 - ₹638 and second target - ₹622 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of LICHSGFIN

Looking at LICHSGFIN, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, LICHSGFIN has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for LICHSGFIN is strong bullish.

Tomorrow's Volume based share price Forecast for LICHSGFIN

LICHSGFIN's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 6%.

Reversal detection for LICHSGFIN

Predicted trend chart of LICHSGFIN tomorrow for price forecast
LICHSGFIN may trend may continue to be bullish since stock is making higher highs and we can get target of ₹639 in morning tomorrow
Target 1 tomorrow660
Target 2 tomorrow667
Target 3 tomorrow678
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with LICHSGFIN's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if LICHSGFIN opens on a positive note, our first target will be ₹665.95. If Target 1 is achieved, we will aim for Target 2 which is ₹677.85.

But if LICHSGFIN falls below the average value of ₹649.75, you can enter a sell side position with target number 1 - ₹637.85 and second target - ₹621.65

LICHSGFIN's Weekly Targets
1st Up Target 668.93
2nd Up Target 683.82
1st Down Target 631.88
2nd Down Target 609.72

As the week for LICHSGFIN ended on bullish sentiments, we can expect further continuation of this sentiment. LICHSGFIN's initial target will be 668.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 631.88 in the upcoming week.

Weekly OHLC Values
Open 633.00
High 661.65
Low 624.60
Close 654.05

Week for LICHSGFIN started with an open price of 633.00, and the close was at 654.05. LICHSGFIN reached the highest of 661.65 and dipped lowest up to 624.60 last week. This indicates a bullish sentiment for the week.

LICHSGFIN full month swing targets
Monthly Up Target 1 705.98
Monthly Up Target 2 720.87
Monthly Down Target 1 594.83
Monthly Down Target 2 535.62

Targets of ₹705.98 can be expected to be reached in the coming month. Once LICHSGFIN achieved this target, we can aim for the next upside target of ₹720.87.

LICHSGFIN if fails to hold upside, down targets of ₹594.83 and ₹535.62 can be achieved by end of this month.

For complete three weeks if LICHSGFIN is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as LICHSGFIN

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

LICHSGFIN is expected to reach the target of 665.95 in tomorrow's trading session.

After achieving the initial target in LICHSGFIN, we will aim for higher targets of 677.85 tomorrow.

However, if LICHSGFIN starts to trade below ₹649.75, then we will shift our focus to the sell side and aim for down targets of 637.85 and 621.65.