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LIC Shows Bullish Base Formation Near 200 DEMA, Target Rs 975
LIC forms a bullish base near 200 DEMA, with momentum indicators suggesting an upward move targeting Rs 975, advised stop-loss Rs 885.
Life Insurance Corporation of India (LIC) is showing signs of a bullish base formation near its 200 DEMA. Momentum indicators suggest a probable upward move from the Rs 910–920 zone, with a target price of Rs 975. A stop-loss of Rs 885 is advised for traders looking to take positions. The stock has been consolidating at these levels, and a breakout above Rs 920 could lead to further upward momentum. Investors should closely monitor the momentum for the next few sessions.