LIC HOUSING FINANCE ( LICHF)
Present Price – Rs.193.20, Buy Above – Rs.198, Projected Price – Rs.218-224
Present Price – Rs.193.20, Buy Above – Rs.198, Projected Price – Rs.218-224
LICHF is the fourth-largest mortgage finance company in India. It provides loans for homes, construction activities, and corporate housing schemes. Almost 90% of the company’s loans are to retail customers and the balance 10% to large ticket commercial sector companies. On the technical front, once the stock price crosses the level of Rs.198, it will break out of a bullish pattern and the target of the stock works out to Rs.218-224. The 14 day RSI too after a consolidation between 40 and 60 levels is also ready for a breakout from the 60 levels which once happens will strongly support the pattern breakout.
No comments:
Post a Comment