Chart of LicHsgFin.
Shown above is the daily chart of LIC Housing Finance as on 27-03-2015. As indicated on the chart, we can see that the stock has completed a typical expanded flat correction, so, we can expect it to upsurge in trading sessions to come. However, the upper band of the trend line drawn will be giving a halt to its upward rally to some extent, therefore I advise to lock partial profits around 458 levels, that is the upper band of the trend line. One should maintain a stop loss below 415, that is the lower band of the trend line. If it sustains above the 458 level we can see the stock extending its rally till 500. If you have any queries please feel free to ask in the queries section….
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