LIC Housing Finance is set to announce its fourth quarter financial results for the year ended March 31, 2014 and declare dividend for the year on Monday. Since the February 2014 low of ₹186, the stock has been on a strong medium-term uptrend. The stock is now poised to test a significant long-term resistance at ₹270. An earnings surprise can extend its rally to ₹290 or ₹300. But, any failure will cap the upside and pull it down to ₹250 or ₹230.
LIC Housing: Results and resistance
Published on
April 17, 2014 16:43