LICHSGFIN trade ideas
LIC HOUSING FIN - LONG CONSOLIDATION (INVESTMENT WATCH)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
LIC Housing Finance (Indian stock: NSE)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.
