Tech Stars - LIC Housing Finance and VIP Industries Ltd By Religare Broking
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LIC Housing Finance
TECHNICAL RATIONALE – LIC Housing Finance has witnessed a fresh breakout today i.e. February 15, after spending nearly a month in a consolidation range. Besides, it has also surpassed the hurdle of the declining trendline on the weekly chart. All indications are in the favor of prevailing momentum to continue. Traders should not miss this opportunity and accumulate in the mentioned range.
Buy LIC Housing Finance Ltd @ 470-474 CMP 476.05 TGT 520 SL 450
VIP Industries Limited
TECHNICAL RATIONALE – VIP Industries has been gradually inching higher for the last nine months and currently hovering in a range while holding firmly above the support zone of moving averages ribbon the daily chart. The recent surge in the price combined with a noticeable rise in the volume indicates a strong possibility of a fresh breakout. We thus advise accumulating in the mentioned zone.
Buy VIP Industries Ltd @ 378-382 CMP 383.20 TGT 415 SL 360
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