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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