LIC Housing :
After the drop has finally consolidated for quite some time in a range of 160-200.
Sustaining above 198-200 could take the stock to 220 levels in quick time.
Traders can keep a watch.
Although its a very sluggish stock but its giving indications of a possible breakout on upside.
Can be a quick 100 to 105 move in near term. Traders can keep a watch.
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February 20, 2011
me and also few people anticipated an inv h&s pattern in lic. i think it is not inv h&s. wud u coment
February 21, 2011
Yes LIC got pulled down above 198-200 gave a small pop to 205. So one needs to keep smaller stops and trail it to conserve profits and reduce losses in such markets. Above all reduce volumes till market finds a good trend.