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Friday, October 24, 2014

LIC HOUSING FINANCE


This stock lic housing finance traded 343 has traced a cup and handle pattern and three weeks tight pattern.
it is traded above rising 50,100 and 200 dma's. it is outperforming nifty and is under accumulation according to obv indicator.
ADX is in trending zone. Plus di is above minus di.Most of the indicators are in buy mode. Vh filter is in trending zone.expansion of bolinger bands near keltner channel indicating trendiness.Demand index, Money flow index, Ease of movement and chaikin ad oscillators are also in buy mode

CONCLUSION: I PREFER TO BUY ABOVE 345 AFTER HAVING A INITIAL STOP LOSS LEVEL AT RS. 302. KEEP A TARGET OF 540 WITH A SHORT TERM TO MEDIUM TERM PERSPECTIVE
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