akshaybothra

LIC Housing Finance @ consolidation stage

Long
NSE:LICHSGFIN   LIC HOUSING FINAN
LIC Housing Finance currently in consolidation phase with an upside breakout possible. Need to watch out for volumes. Fundamentally good value buy. Currently 325. Target 475 in short-medium term possible.

Comments

I don't think it can break... Trend is so positive no doubt but it is as hell as bearish under 1 month & 1 year... I don't think weekly up trend can over take monthly & yearly downwards statics.

More than that I think up trend is nothing much just a consolidation structure...

Let's see what happens.
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akshaybothra rajveerfxa
@rajveerfxa, some momentum is being built up. Had touched 360 already. Let's see.
Reply
rajveerfxa akshaybothra
@akshaybothra, I see, Today 9th dec he form a flag pattern after breaking 1week bearish trend. Now flag pattern confirms its going to rocket! 410 rs to face (1year bearish trend) It's very wierd 1 storng B.trend going to mess with 2 long term Bearish trend! I thing it's the effect of V recovery of Indian Economy.
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