It has given bullish rounding bottom breakout with good delivery volume. Also trading at upper tradeline of wedge pattern. Closing above1880 will be conformation of wedge pattern breakout. Expecting movement till 1950, 2025, 2130. Right now ADX is near 15, above 25 it will give more strength to the trend.
It has formed double bottom pattern on chart. Increasing Delivery with good volume indicates and conforms reversal from bottom. Likely to reach near 330/340 again in near term. RSI and MACD indicates restore of bullishness. ADX above 25 will add more strength to the movement.
LIC Housing has given sloping wedge breakout. Continues increasing in Delivery volume indicating continuation of bullish movement. Cross over of MACD on daily chart will conform breakout. We can see Target of 490/- in near term.