LIC Housing Finance - Ready to Shoot

LIC Housing Finance has retraced from an upmove, and is in a 4th wave on the hourly chart. Currently in a down channel, but any crack of 344 can be taken as a signal to buy. 320 can be used as a stoploss. The immediate target should be about 375. Above 380, it can test the previous top of 402, which was its all-time high.

LIC Housing has indeed been acting quite contrary to other stocks in FNO. It is the only stock which reached 10% lower than its all-time high at Nifty 6300. This in itself is a commendable performance by the stock.