GSKASAR
Long

#LICHSGFIN - Falling Channel

NSE:LICHSGFIN   LIC HOUSING FINAN
LICHSGFIN is trading in a downward-sloping channel for the past six months. Today it has given short-term breakout above swing high of 577 which coincide with 50-day SMA . It has now resistance around 590-591 trendline zone. It needs to close above falling resistance trendline for trend reversal which will take stock towards 660-675 zone.
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