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* On a daily chart, the stock has taken the support of its lower band of Broadening Rising Wedge formation in which the stock has been trading since last many times, which indicates a bounce back movement in the counter.
* Moreover, the stock has taken the support of its 200 Days Moving Average which is placed at 480.35 level which suggests a rebound movement in the counter.
* On a smaller time frame, the stock has given a breakout of its Triangle formation with above-average volume which shows a robust upside movement in the counter.
* A daily momentum indicator RSI reading is at 44.10 level with a positive crossover which points out for a positive breath in the counter.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy LIC Housing Finance Ltd @483.00-485.45 SL 468 TGT 520
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