GIC Housing Finance- Rs.180/- the stock has formed a new all time high, after nearly four years of consolidation which is a bullish signal. The all time high after consolidation above the break out trend line for six months. As it has made an all time high post consolidation give us high margin of safety to enter into the stock.Fundamentally also the company is performing very well for last four to five years. Its EPS is continually increasing over last five years except for one year which is a clear indication that the fundamentals are also supporting the up move. But technicals and fundamentals are supporting the stock which give a clear indication that its a good buy. One point to be noted its one of the cheapest stocks among the housing finance companies. So a good buy with stop loss at Rs.150/-.

May all be Peacefull and Happy

M.Mahiidar

Enjoying Life

Trend is Friend.