!LICI surged by 8%, closing at ₹942, following strong Q4 results, with price action decisively breaking above key resistance zones around ₹872, accompanied by a significant volume spike (23M+ shares). The stock is now heading towards its IPO price of ₹949, with the next major resistance at ₹999, while RSI on the daily chart is at an overbought 79.11, suggesting possible short-term consolidation. However, momentum is strong, and the weekly chart confirms a bullish breakout above both the 100-week (₹865.80) and 70-week (₹939.43) moving averages, turning medium-term sentiment positive. If ₹958–₹999 is crossed decisively, LICI could reattempt ₹1,125–₹1,200 in the coming weeks. Support lies at ₹872, and strong demand is seen at the ₹820 breakout zone. Follow me for more such posts. Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.

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