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LICHSGFIN multi year breakout, PSU stock trading at 7x p/e

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NSE:LICHSGFIN   LIC HOUSING FINAN
LIC Housing finance ready for a multi year break out on monthly time frame. Trend analysis using Fibonacci. PSU stocks have rallied and this one seem to be catching up. Very cheap at 7x p/e compared to other housing finance names
Handel aktiv:
LIC Housing finance showed a good move and is consolidating around 530 levels. Is facing resistance here due to heavy call writing. Monitor the 530 call OI position to inform if the stock will consolidate longer here or move higher. If we see the 530 call OI decreasing we can expect a sharp move higher
Handel aktiv:
Stock doing well, have taken out previous resistance levels, still trading at low p/e vs sector and below ATH should benefit from real estate sector tailwind
Kommentera:
After multiple attempts stock has crossed 580 levels with good volumes
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