Life Insurance Corporation of India

Date 09.02.2025
LIC
Timeframe : Day Chart

Remarks :

1 After impulsive wave 5-3-5-3-5, we saw corrective phase ABC 5-3-5 presently
2 Wait for price to cross 865 for the confirmation of Wave C around 800
3 In that case another impulsive wave 5-3-5-3-5 will start & cross life high mark of 1200
4 Along with exit from 865 & crossing rsi 50 is double confirmation of trend / impulsive wave
5 916 is benchmark of breakout / breakdown from listing price
6 Current ROCE is at 60&-70% which is fantastic with PE ratio of just 12, highly undervalued
7 Currently EPS is greater then PE having higher ROCE, awesome combination
8 A long term bet for sure, wait for it to go above 865 & long term target 1600

Regards,
Ankur