2025-08-11 10:43:57 am | Source: Religare Broking Ltd
Stock of the day : Life Insurance Corporation of India Ltd by Target Rs. 965 - Religare Broking Ltd
Life Insurance Corporation of India Ltd
Buy Life Insurance Corporation of Ltd CMP 912.95 Range 910-913 SL 885 Target 965
* LICI opened with a bullish gap-up and sustained upward momentum, surpassing the two-week high.
* The 100-day EMA provides strong technical support, reinforced by rising volume, indicating short-term bullish sentiment.
* On the weekly chart, the primary trend remains positive, with the stock completing a 38.2% Fibonacci retracement of the March 3 to June 30 rally.
* Investors may consider initiating long positions within the current support zone.
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The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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