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Viewing report
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Alpha India EE – The LIC Housing Finance Case
Orpheus Capitals, Jan 2011, Pages: 4
The LIC Housing Finance case
LIC Housing Finance is one of the top rankers of the Indian Early Economic sector on both weekly and daily rankings. The chart below illustrates the minor structure of the stock which looks like a completing 2/B wave up. Prices made another Key Reversal bar (KR) near key resistances at psychological 200 levels (key Fibonacci confluence and previous fourth resistances). The daily RSI momentum also turns back from near 70 resistances, suggesting further minor negativity from here. This is a low risk entry point for a sell case. Sub 190 levels we are in a sell till our minor target at 150 levels or possibly lower. Keep an exit near 200.
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