Buy LIC Housing Finance

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 This Week Previous Week% Change
Metal
10314.339,763.66
HC16341.8316,181.12 -2.60
FMCG 8508.378,461.02-3.26
Consumer Durable12766.9512,548.56 -1.56
TECK5669.135,630.810.02
AUTO22244.7922,231.66 -1.81
OIL & GAS12236.1211,377.55-0.49
PSU7822.957,462.44 -1.73
BANKEX22585.4522,045.62 -3.11
CG15100.9314,581.77 -3.55
IT10352.2710,229.09
-0.68
POWER2027.211,989.59-3.83
REALTY1551.301,512.19 -3.73

The Market Mantra has detected bullish pattern developing on LIC Housing Finance (NSE:LICHSGFIN). After hitting high of 352.60 on 20th May 2014 the stock fell for 56 sessions from the top and after that it has risen for 4 sessions. The stock has taken support from the low of bull candle on weekly chart. The stock is also showing higher volume this week as compared to last week. Furthermore, RSI has crossed its average from down side which is a bullish indication. Hence, we suggest to Buy LICHSGFIN with a price target of 320 and a stop-loss of 273.

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