LIC Housing Finance: Is it tracing back the history.!!

17 Dis 2023

Observations:

• I can see the LIC Housing Finance has broke out of its yearly resistance.
  
• Zooming out, Surprised to witness that, the stock is nearly at the same structure (technically) where it was in 2014. As if it is retracing.
  
• In 2014 after its breakout hits the 500 round figure and corrected.
  
• Now I can presume the 1000 round figure would do the same.
  
• If its financials back-it-up strongly, there is no wonder the price will retrace its pattern once again.
  
  
• One can see the wedge (ASCENDING BOARDING WEDGE) of LIC, playing out (3rd leg) nicely...
  

Clarification on Markings:

• x: pole has double to: 2x
  
• xyz: pole .......?
  

5 Feb 2024

Nota

The Financials of the Company are in support of what technicals have indicated:
EARNINGS are Almost flat
REVENUE Surprised estimates with 2.68%

7 Ogo 2024

Nota

Jun Qtr results are quite on the opposite side of the expectations. This along with new's that impacting the short-term sentiment, might triggered the profit booking or sell-off.
If someone tracking this, should observe the [weekly] close below 50-wEMA.