LIC HOUSING FINANCE (for 1-2 Quarters)

Stock retraced from its life time high.. currently trading at 651 which is 21% down from the higher levels.

As per Fibonacci levels.. the stock is in reversal zone. since the broader markets are correcting due to weak global cues.. this may see further fall and touch 605 to 542 levels

As a long term investment this can be accumulated in this zone and wait for 1-2 quarters for further growth
some body who is already carrying positions can continue to hold and add more in dips

First Target - 826
Second Target - 962
Third Target - 1180

Stop-loss - 446 (This is highly unlikely but keep this level in mind for exit)

This idea is just for education and analysis purpose only and not for real time investment.. kindly consult your financial adviser before taking investment decision