2025-07-31 11:13:48 am | Source: Religare Broking Ltd
Stock of the day : Life Insurance Corporation of India Ltd by Target Rs. 955 - Religare Broking Ltd
Life Insurance Corporation of India Ltd
Buy Life Insurance Corporation of India Ltd CMP 902.00 Range 900-903 SL 874 Target 955
* The stock extended gains for the third consecutive session, finding strong support at a rising trend line which was earlier providing strong resistance.
* The 100-day EMA further reinforces this support, while increasing volume confirms short-term bullish momentum.
* On the weekly chart, primary trend remains positive, with the stock completing a 38.2% Fibonacci retracement of its recent March 3 to June 30 up-move.
* Investors may consider initiating long positions within this support zone.
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