PRICE VOLUME Breakout - LIC Housing Fin

• LIC Housing Finance gave a perfect breakout from a channel along with volume spike.
• Notice the steady decrease in volume when price moves inside the channel. One can avoid false breakouts if the breakout does not have a volume spike. In this case we had both.
• Price was also forming an ascending triangle pattern.
• Price has closed above 200 DMA. Stock will move higher if 200 DMA holds. 
• LAST UPDATE ON LIC HOUSING FINANCE