Technical Analysis of Indian Equities by Nooresh

LIC Housing – Getting into new highs. Good bet for Medium Term

LICHousing

 

After a good move on HDFC limited ( good move from 740 to 880 )  we expect this could be another good bet for medium term.

 

Many bottoms made at 240-245 and tops at 280-285. This gives us a long term breakout above 290 levels.

 

Investors can accumulate the stock at current levels with a target of 350 and much higher in long term.

 

Disclosure:

 

Recommended the stock at 245 and adding more as a fresh trade at 280

 

TECHNICAL ANALYSIS TRAINING BANGLORE – 1st week of January tentatively. For confirmations mail to analyseindia@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2569 articles.

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