Yoganand D
BL Research Bureau |
Updated on
February 17, 2021
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Investors with a short-term perspective can buy the stock of GIC Housing Finance at current levels. Since recording a 52-week low at ₹52.1 in March 2020, the stock has been on an intermediate-term uptrend.
Both medium as well as the short-term trends are up for the stock. After a corrective decline in early January this year, the stock found support at ₹113 in late January and bounced up. Since then, it has been in a short term uptrend. While trending up, the stock had breached its 21- and 50-day moving averages in the past week and trades well above them.
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