Stock Picks : Reliance Industries Ltd And LIC Housing Finance Ltd By ICICI Direct
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Reliance Industries (RELIND)
Buy Reliance Industries Ltd CMP 2378.10; Initiation Range 2368-2372; Target 2398.00 ; Stop Loss 2354.00
Rationale Falling channel breakout and price rebounding after taking support at previous low signalling resumption of up move
Daily candlestick chart
LIC Housing Finance (LICHF)
Sell LIC Housing Finance CMP 371.40; Initiation Range 372.50-373.50; Target 367.80; Stop Loss 376.20
Rationale Price breakdown below last two months trading range and sustaining below 200 days EMA signalling continuation of the corrective bias in coming sessions
Daily candlestick chart
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