Positional call – buy LICHSFIN above 240 close sl 215 target 280-300 {if stock not able to confirm its up trend, and if gives negative close then dont enter into this please below recent low we can see some selling pressure in stock, so till the time reversal is not confirm dont buy in this.}
Technical view – Over all chart indicate that LIC has taken a support again on long term trend line and given some sharp reversal in last few trading session.
As per candlestick patterns we can see that its a DOJI candle on chart on 10 july and after that its a bullish gap up candle on chart, before the doji candle stock was in down trend, so even both this patterns can also confirm the trend reversal on chart.
also the last trading session movement can also indicate us that there is strong buying interest in stock at present.
recently RSI touched the oversold zone and move up from there it can also indicate the trend reversal in price.
STOCHASTIC also moving out from oversold zone now giving the proper signal of trend reversal.
over all basic chart study indicate that stock has given some indication of trend reversal, once it able to confirm it by going above given price then only we can see up move in price.