LIC Housing Finance could touch Rs 240: Rahul Mohinder

Rahul Mohinder, Technical Analyst at viratechindia.com feels that LIC Housing Finance could touch Rs 240 by next week.

Mohinder told CNBC-TV18, "I would like to buy LIC Housing Finance. I think the stock is very well positioned from a medium to long-term perspective. Even in the short-term one could initiate a buy keeping a stoploss of Rs 224. Potentially over the next week a target which could be achieved is Rs 240. This is a stock which has maintained above the 200 DMA as well as pointed out to strong upward breakout from the weekly charts."