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LIC about to retest strong support

  • Madan Gopal
  • Nov 1, 2017
  • 1 min read

LIC Housing Finance has been in the long uptrend. In Feb 2016 LIC created a strong support level at 100 EMA. It retest its up trend support line and 100 EMA once again in same year and refused to close below the trend line and 100 EMA. This support line created a long term uptrend in the stock. Recently LIC about to retest its uptrend support line and 100 EMA on weekly time frame. I am waiting for the stock to touch 100 EMA and support trend line and MACD to cross over. We will book profit around 680.

 
 
 

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