SBILIFE LONG INTRADAY 15 MAR,2021Dear trader,
If u look at the chart of SBILIFE (analysis based intraday only) the SBILIFE support at 913 and Target at 940 and stop loss at 885.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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SBILIFE
SBILIFE - Breakout from consolidation zone - Short Term SwingThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Entry can be made between 910-915 range (Pull back) or above the high of breakout candle. Targets are shown in image. SL can be placed either below consolidation zone or below the breakout candle.
Never Run after the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move when it breaks out of consolidation zone, one can check my other ideas where i have explained DARVAS BOX Strategy. It is linked below.
SBILIFE - Observation and Study Information - Bullish ViewThis analysis is based purely on Price Action and Chart Pattern.
This is just an observation as the pattern is yet to form (absence of clear signs)
Traders can observe the price movement and trade as per their study.
Feel Free to comment for any query or suggestion