LICI is ready for bullish rally now, We do see a range breakout in LICI and now we are expecting 10 % move in share of LICI and LICI is biggest Domestic investor in india and as per the news LICI get 40% increase in their investment from Adani group, So it will clearly impact on their profitability.
LICI : CMP : 972
TARGET 1020
STOP LOSS : 940
Hi,
The Largest Life Insurer of country NSE:LICI LICI has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily time frame and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish...
Stock is rising in an impulsive manner after giving a breakout of the corrective channel. Stock is likely to extend its gains towards 1080-1100 zone with any weakness holding above the support zone of 940.
After a long time, LIC has finally got good positive and a very confident results.
•CMP: 922
•Targets:
-Very Short term target: 950
- Short term target- 980
- Medium Term target 1175
-Long term Target of 1600
You shouldn't miss this Multibagger.
What do you think?
Key Points:
LIC is currently trading at ₹906, near its IPO price of ₹906.
A breakout above ₹906 could signal a bullish move.
A pullback to ₹728 could offer a good entry point for long positions.
Technical Analysis:
The stock is testing a key resistance level.
A breakout would confirm a bullish trend reversal.
Volume is increasing, indicating...
AFTER A 5-WAVE UPMOVE FROM THE ROCK BOTTOM, PRICES RETREATED BACK LOWER TOWARDS 50% FIBONACCI RETRACEMENT ZONE AND BOUNCE BACK SHARPLY. STOCK HAS GIVEN BIGGEST INTRADAY SINCE IPO.
After a five-wave advance from the rock botom, prices retreated back lower towards 597 which is 50% fibonacci retracement zone. From there stock has bounced back sharply which is the...
LICI is formed wedge and showing buyers interest forming HH and HL. It has good buying volume today and taken support on lower trendline. Keep this in watchlist.
Dynamic trendline broken on daily Timeframe
Consolidated for approximately a month in close range
Breakout with volumes
Target can be 600+
SL 550 on daily closing basis
Attached: NSE:LICI Daily Chart as of 12th May 2023
Buy Above 565which is PDH
Stop Loss below 555
For Targets:
T1= 585
T2= 600 +
Bullish Signals:
- MACD RSI Bullish Divergence
- Accumulation Pattern with Dried Up Volume
- Volume Surge started from 4th May
- Price above 20 DSMA
LIC India has formed harmonic pattern on the chart
The stop loss is 540 on closing basis
The target in coming months are marked on the chart.
Final target is 846 once it closes above 754
LIC INDIA posted on 12.11.2022 Buy ABOVE 640 TARGET 650 /658 and on 14.11.2022 Stock made a High 682 and closed at 664.
Happy Profitable Trading to all...
Life Insurance Corporation (LIC) reported a net profit of
Rs 15,952 crore for the quarter ended September 30, 2022 (Q2 FY23),
from Rs 1,433 crore in the same period last year.
Due to this there could be a surge in investors interest to start accumulating the stock.
If LIC will announce much better dividend than last Qtr Dividend or Bonus Shares then it will...
