Stock of the day : LIC Housing Finance Ltd For Target Rs. 36 - Religare Broking
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LIC Housing Finance Ltd
* The financial space weakening is a prominent indicator, along with LIGHSGFIN implied signs of weakness.
* Primarily stock revisits its downward gap created after opening on a lower edge, simultaneously failed to sustain to the levels forming bearish engulfing,
* Fresh resistance at 100EMA and further follow on selling made it close below 200EMA
* Stock shall continue with its weakness below 640-645 levels and Traders can consider buying puts to play for further price action in the said range
Buy LIC Housing Finance Ltd CMP 20.85 Range 19-21 SL 12 Target 36
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SEBI Registration number is INZ000174330
