Highly bullish on LIC Housing Finance: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com discusses housing finance stocks in a chat with ET Now.

If you had to pick one with respect to an LIC Housing Finance, Can Fin, M&M Finance, which one would it be with respect to their movements on the charts?

Devang Visaria: We like all of them and LIC Housing would be a favourite of ours for the simple fact that you get a leverage play on this one because it is traded in the F&O and on the charts, we are spotting running breakout event because running breakout is something which happens when the price tends to move past resistance trend line on the upside. There is generally a very very bullish sign for this stock and I would not be surprised if this stock were to head to around, you could see a 10-12% upside over the next 5 or 7 trading sessions for LIC Housing.