LIC Housing can test Rs 300: Sukhani

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LIC Housing can test Rs 300: Sukhani

LIC Housing Finance can test Rs 300, says Sudarshan Sukhani, s2analytics.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about LIC Housing Fin See messages about LIC Housing Fin

LIC Housing Finance can test Rs 300, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "LIC Housing Finance keeps on going up, formed a base somewhere around Rs 180 to Rs 200 - that base has not been violated. The stock has made a fairly bullish pattern. That suggests a target of Rs 300 plus. That's happening not just to LIC Housing but to many others. Yesterday, the breakout suggested that the stock is now on its way towards Rs 300. We should see a lot of follow through today."

He further added, " Educomp Solutions was on my sell list when it was Rs 800. It does appear that at least as far as short term momentum is concerned I wouldn't advice anyone to buy it as an investment. As far as short term momentum is concerned and the momentum in Educomp is now changing on the upside and sometimes these high beta stocks can give fairly decent rewards once they started moving up because they also move in multiples, move up just as they move down. So Educomp is now in the buy list. I would advice traders to keep watching this stock. It has the potential to go up towards Rs 270 or even Rs 300."