LIC HOUSING FINANCE Daily NSE Chart Technical Analysis:
LIC Housing is sideways after a big fall (which was triggered by LIC Hsg's name coming up for a bribe-for-loan scam).
Close & CMP is 915.50.
Market Outlook:
- The price is set to make a correction after the big fall. If the market climbs on Monday, there might be an opportunity to go long with a stop loss at 870 and a targets at 1020 and 1100.
Technical Indicators:
- The weekly chart is showing building up of momentum which means a natural correction could be occurring.
- Don't hang around in this stock, there is no visibility of long-term revival as of now. I have my doubts and this stock could lose a lot of value once the scam unravels. Trade this one for short term profit only.
LIC HOUSING FINANCE Daily NSE Chart Technical Analysis
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