LIC HOUSING FINANCE - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG
"Saved by the bell". LIC Housing finance was heading into a downward tailspin. Had it hit 1300, it would have collapsed to 1200. It got rescued but it is not out of the woods. Volumes are still 1/2 of average 3 month volume (not a good sign). It will have to cross 1400 on 3-4 times average 3 month volume and stay there for 7-10 trading sessions to make a shor term uptrendIf you have it, hold it with a stop loss above 1300. Not a good stock for a short term trade as of now
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