Downward channel: downfall to continue., given the turmoil in the NBFC space
Interestingly, on Sep 25 the volume was high & the stock closed in green, depicts interest amongst investors, where the stock closed at 131.
Stock is at a level where major support and short term support both meet with golden ratio Fibonacci. In a bull market this stock would now be accumulated and would take off anytime. Buy here and expect good returns for long-term also
Based on my PredictiveSystem's signals, its going to be a RED candle on 16-May-2018 for L&T Finance holdings - L_FTH
Sell Below: 174.2 for targets -
T1: 172.9
T2: 172.1
T3: 171.3
SL: 175.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own...
