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If you are looking for LIC share price target 2024/2025 you have come to the right place.
Mr.Mohan had asked to give an analysis of the lic share price target and in turn its analysis.
LIC of India is valued at 6,64,947 crores as of 15th July 2024 when I am authoring this article.
Learn Well: The Basics of Stock Market for Beginners Book by Ashok Kumar N Rao
LIC Share Price Analysis for Short term
- As per govt. of India, any stock held for more than 1 year is considered under long-term capital gain tax.
- So let’s say the short term is any period less than a year.
- So let’s analyze for lic share price target for 2024.
- LIC of India is moving in a parallel upward channel.
- This means LIC is more positive and hitting the highs though lows are regular.
- The best part about LIC is the price action is continuously moving in higher highs and higher lows.
- This means the chart shows a short-term gain in the stock.
- Also, MACD which shows momentum is going as per the price action which means short term no reversal showing on the chart.
- RSI also doesn’t show overbought as of now which means the stock LIC of India is still going higher in the short term.
So to determine the short-term lic share price target 2024, 1109 which is the top of the parallel channel will definitely be achieved.
Lic Share Price Target 2025
- Let’s now look at the lic share price target 2025 year ahead.
- Since the LIC of India shared today with a monthly chart shows uplifting momentum.
- Stock is not at all in the overbought zone and has a lot of momentum.
- We determined the LIC share price target 2024 as 1109, but long-term analysis shows LIC has more momentum to achieve higher targets.
- It is also proven that the bullish stance of LIC of India will hold the stock’s head held high, as long-term EMAs are way above and show strength with widening.
- Now that the stock is consolidating, there is a chance that the stock may move like the bull run in November.
- This bullish stance of LIC took it from 603 on Nov 23 to 1175 on Feb 24.
- If such a bullish stance of the stock continues, then the stock may head over 1300 by 2025.
So to determine the LIC share price target for 2025, let’s look at the Fibonacci extension and which shows the 2025 target can be 1417 to 1550.
Learn Well: The Basics of Stock Market for Beginners Book by Ashok Kumar N Rao
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