1. Today Many channels and analysts called for buying opportunity in LIC housing Finance.
2. Currently in up trend channel.
3. Dont go long . It has formed Higher highs and higher lows formation.
4. Not sebi registered. Trade cautiously.
The chart is forming higher lows gradually on the 15 min chart.
Wait for bullish confirmation and make and entry around 6300.
The strategy will fail if the lower trendline is broken and keep the SL at 6100.
The target is 7150, presenting a 3:1 RR opportunity for this trade.
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Manappuram Finance - Entry@125
Sales growth of 15.5% since 2015
Income growth of 38% with an average ROE of 18%
I have initiated a pilot position. I will add more based upon price strength and 2019 march annual earnings guidance.