Intraday calls

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gourav_s

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Hi, arvind :)
after yesterdays correction, i would like to know your views on delta again... :D
and what software do you use for analysis. and your view/if any for chart nexus.

thanks
 

n_arvind2000

Well-Known Member
Perfect recommendations for today Aravind.
Hope LIC picks up as soon as possible.

Thanks.
Aditya Birla Money has recommended a `Buy` on LIC Housing Finance with a price target of Rs 1,426 in its report dated Nov. 24, 2010.

LIC Housing Finance has bounced back strongly after testing an intraday low of 1,245 yesterday.

The falling resistance channel line also corresponds to short term breakout levels at 1,324/1,331, above which stock is likely to test its key resistance level of 1,426.

On the candlestick pattern front, the stock has formed bullish engulfing pattern on the daily chart. It means that the downtrend is now losing momentum and the bulls started to take the lead.

MACD and RSI are showing some strength in the current scenario.

The stock is likely to remain positive and it has immediate resistance at 1,324/1,331. Breakout of 1,324/1,331 levels, the stock can move towards 1,426 and 1,490 levels. The stock has found the support level of 1,281 and 1,245.

Buy LIC Housing Finance above 1,324 with a stop-loss of 1,245 for a possible target of 1,426 and then 1,477,`` the broking house said.


Report came today...but still stock down... :(
 
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