Monday, October 09, 2006

LIC is a latecomer to the party!


LIC housing finance (BSE code:
500253) has been an underperformer to the overall markets. The stock has broken out of an inverted Head and Shoulders pattern and is consolidating. A move above 180 will bring a target of 205 in focus. A close below 169 will negate the trade and should be used to preserve capital.

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