GIC HOUSING FINANCE CHART LOOKS GOOD..
IT'S CUP & HANDLE PATTERN BREAKOUT..
GOOD TO BUY AT THESE LEVEL..
PROS : -
Stock is trading at 0.60 times its book value
Company has been maintaining a healthy dividend payout of 18.43%.
OPPORTUNITIES : -
Positive Breakout Third Resistance ( LTP > R3)
Highest Recovery from 52 Week Low
Decrease in Provision in recent...
in normal condition stocks keep oscillating around it's big moving average like 100 or 200 days.
unless something terrifying happened,
i looked pnb and observed that this stock is very much respectful towards its old supports and resistance.
also it looks like it is moving upside i channel. and its target is 200 ema