(Intraday) Sell LIC Housing Finace with shooting star formation
1. Inverted Umbrella Candle Formation on the day chart. The chart already took the reversal from the same.
2. Evening star formation on the last day closure.
3. LIC Housing Finance is the fifth leg of the GARTLEY FORMATION.
4. But , Ascending Triangle formation last 15M Chart. It price also retraced to 61.8% from the last peak. it indicate an uptrend.
So, please take the caution before the trade
5. Sell Below 274 Target 271 , 267 Stop Loss 276
Fundamental Analysis
1. Stock is trading at 0.76 times its book value
2. Second lowest P/E in the Industry
3. Second Best Operation Margin in the industry
4. EV/EBITDA is cheaper than HDFC
5. PEG Ratio 0.44
5. But, Debts are quiet high, which lower the interest coverage ratio
