Cmp 646
The stock is at important resistance zone and may find it tough to cross 646-662 levels in the short term.
On the down side it may fall up to 620 / 605 levels once again
Take care & safe trading...!!!
stock is is d process of making a cup and handle formtion.there is a strong support in the 540-545 zone along with an upward sloping trendline which makes it a good prospect to initiate a long position.
Stoploss-Close below 530
Tgt1-570
Tgt2-590
Housing is a very basing need and first sign of independence and prosperity. With uplifting of Indian middleclass, this particular segment of the economy is going to keep on booming for next few decades. Also as people seek for better opportunities they migrate to the cities and they are going to need a shelter there. Well, there are innumerable things one can...
It is been observed in the weekly chart that the price action in this one is consolidation in range of 400-500 levels for past 18 months. It is a good time to accumulate this one as the company sounds good with growing earnings.
Keep this one in your investment watch for long term
Risky to buy LIC Housing Finance at this time. Fibonacci clusters of resistance are appearing at the tip of the price travel. We need to watch the levels of 506/508 carefully before buying this stock. If it fails at any of these levels, we can expect a C wave to 380 levels.
