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Niftymovers

LIC Housing Fin. ABCD Pattern may commence once

Long
LIC HOUSING FINANCE LTD. (BSE:LICHSGFIN)  
Niftymovers  
BSE:LICHSGFIN   LIC HOUSING FINANCE LTD.
Fibonacci AB=CD LICHSGFIN lichsg
2
0
fibonacci abcdpattern lichsgfin lichsg
Weekly chart. ABCD in process. retrace (B to C wave) shot lil below 38.2% (Fibo Drawn from right to left). So not a perfect ABCD. Once the resistance breaks (721) one can buy for 910+ as target. Second target 970+. Stop (Exit) level below "C" wave = 600 on weekly candle closing basis. Time frame 4 to 5 months.
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