Stock Radar: This financial services stock gives a breakout from a downward-sloping channel; time to buy

“On the short-term charts, LIC Housing Finance stock has already given a fresh breakout above the falling trend line of the downward sloping channel along with a sudden rise in volumes. Traders can buy for a target of Rs 455 in the next 4-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.