LG India IPO – Time to Hold or Fold? Key Level at ₹1650..!

After an impressive 50% premium debut, LG India shares are now moving sideways, suggesting a healthy phase of consolidation as the market decides its next direction.

💼 If You Got the Allotment:
Stay patient and hold your position as long as the stock sustains above ₹1647–₹1650. This zone acts as a strong support base.
However, if the stock closes below this range by the end of the day, it could trigger a short-term breakdown — in that case, book your profits and exit smartly.

🚫 If You Missed the Allotment:
Avoid chasing the price! The stock has already listed at a hefty 50% premium, which limits near-term upside potential. Instead, wait for attractive entry zones if the price dips below ₹1647. Ideal buying levels to watch are around ₹1550, ₹1450, and ₹1350, marking 10%, 16%, and 21% corrections from the listing price.

⚖️ Conclusion:
At the moment, LG India is in a ‘wait and watch’ phase — holding above ₹1650 keeps the trend positive, but a daily close below it could invite profit booking.
Trade with patience, not emotion.