LICHSGFIN - S BELOW 266 TGT 261/254

LIC HOUSING FINANCE

LICHSGFIN is moving in a narrow range and has formed a triangle pattern. Currently, the price is taking SUPPORT from the DEMAND ZONE.

RSI is near 40.
TT2 tool is BEARISH.

Once the price breaks down from the pattern and moves below 266, we might see a beginning of the downtrend. The next support is 261 & 254 on 30 mins chart.

KEEP AN EYE!!

***this is my personal view. Please take advice from your financial advisor before investing.