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LIC Housing finance

Discussion in 'Technical Analysis' started by yankeedin, Oct 5, 2012.

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  1. yankeedin

    yankeedin Responder

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    i think LIC Housing finance can be bought above 275 on closing basis for target of 300 and above and stop loss of 235/230.

    As per me it is consolidating in range of 270/280 and once this is broken on up side can lead to 300 plus target.

    Kindly share your views
     
    yankeedin, Oct 5, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect Levels
     
    shabbir, Oct 5, 2012
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  3. m_padmakumar

    m_padmakumar Member

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    Stop loss 15% below and target 10% above the buying price. Is it ok?
     
    m_padmakumar, Oct 5, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Very wrong. You should have less stop loss and more on target and on top of that just 10 and 15% would not help. It should be support and resistance levels.
     
    shabbir, Oct 5, 2012
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  5. yankeedin

    yankeedin Responder

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    volumes increasing stock price falling

    Noticed that trading volume has increased but price has fallen down. Does it mean that it may further fall down???

    On the other side the no of people selling = no of people buying. So many people are also buying hoping that it would jump up. Initially thought of buying above 275, but didn't as its falling day by day w/o closing above 275. Can we enter at support level of 235-40 for a jump?? Kindly share your views.
     
    yankeedin, Oct 25, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Trying to read too much into patterns can be bad as well. If this stock has formed a pattern that you are comfortable, then only look for other parameters.
     
    shabbir, Oct 26, 2012
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