LICHSGFIN tested its major support zone around 150 in Aug,13 and consolidated around that mark for a month; prior to reversal.
During recovery phase, it first resisted around 230 which coincide with the long term average of 100 EMA on the weekly chart and hovered around that zone for nearly five months.
Post its upside breakout, it rose almost vertically and formed a new 52 weeks high at 352.95 levels in May, 14.
In line with prevailing corrective move in benchmark indices, it has been witnessing profit taking from the highs and now on verge of retesting its support zone. So, one can utilize this opportunity to accumulate between 268 -CMP (278.40) with closing below stop loss of 255 level for the target of 325 levels.