The 9% fall is rather sharp for LIC Housing Finance: Deepak Mohoni
It tends to be quite solid, it does not decline that much.
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| Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about LIC Housing Finance.
Technically how severe does the damage look on LIC Housing Finance?
It is down to a three-month low which is not very good. But otherwise, it had been in a fairly good bull market. It is only the decline now which is gaining a certain degree of persistence. Also, the 9% fall is rather sharp for a stock like LIC Housing Finance. It tends to be quite solid, it does not decline that much. So the best case scenario is this is a one-day sell off and the demand returns again because of its long-term strength. Worst case is that the trend may be changing, so it is somewhere in-between.
Technically how severe does the damage look on LIC Housing Finance?
It is down to a three-month low which is not very good. But otherwise, it had been in a fairly good bull market. It is only the decline now which is gaining a certain degree of persistence. Also, the 9% fall is rather sharp for a stock like LIC Housing Finance. It tends to be quite solid, it does not decline that much. So the best case scenario is this is a one-day sell off and the demand returns again because of its long-term strength. Worst case is that the trend may be changing, so it is somewhere in-between.
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