LIC Housing is trading in the range and it has maintained a strong resistence levels at 290-295. In last few trading sessions, everytime the stock corrects from those levels. As History repeats, we can short the stock at current levels with a strict stoploss of 300, Target open at lower side.
LIC Housing has started downtrend and we have drawn a resistance line from down trend which acts as moving SL for our position. LIC Housing Open Short around 465 Target 440 SL 473 (should close above).
If your idea matches mine open short, I will keep you posted as price moves.
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