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
SBILIFE trend ????Time Frame : 1-2 Months
Analysis:
The Stock is in uptrend With supports at 727 Levels.
Traders can book profit at the levels mentioned in the chart.
Short term Investors can book at 850 & 900 levels..
View Nagates below 705 on closing basis.
Option Strategy:
800 CE looks very lucrative (Option Traders)
Disclaimer:
Just my view based on Price Action and some technical setup.
This is purely for educational purpose.