Sunday, March 29, 2015

EW Analysis On LICHSGFIN

Shown above is the daily chart of LIC housing finance, as we can see it has completed an expanded flat A-B-C correction so we can expect to stock to upsurge in trading sessions to come, however the upper band of the trend line shown will give some resistance to the stock, therefore, we should book partial profits near 458 and maintain a strict stop loss below 415 level. 

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