SBILIFE- Swing-Bullish-Get Set Go!!
09.08.2024
Buy 1727
Target 1805
Stoploss 1662
Risk Reward: 01:01
1. Good engulfing pattern followed by good recovery with previous resistance breakout
2. Rejection from Resistance turned to support zone
3. 21 EMA Rejection & good FVG at same zone
4. Very good uptrend
5. RSI is strengthening. Volumes are contributing well
Sbilifeinsurance
SBILIFE- Good bullish momentum expected-Swing trade NSE:SBILIFE
Buy Above 1500
Target 1- 1565
Stop-1437
Daily & Weekly Inside candle breakout
Downward range ended & retesting successfully completed
EMA Rejections & crossover
Good volumes from last two days
Trend rejected from 0.5 Fibonacci & Above 0.382
SBILIFE Breakout done after a Good Consolidation.
Volume looks good too.
Above all EMA.
Good for Short term and Long term.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
SBILIFE - Bearish ViewSBILIFE - Elliott Wave count
the market seems like completed all 5 impulses and has begun correction. wave A expected to hi t the target of 1250 range.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:SBILIFE NSE:SBILIFEZ2023 BSE:SBILIFE
#SBILIFE... Looking good 16.05.23#sbilife.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
SBILIFE - long viewThe stock has created a good base at the level range of 1016 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 1293levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
Thanks & Regards,
If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
SBILIFESbi life bouncing back from a strong support zone.
It is a risky trade as the market is still not looking to move upwards.
But good to add some quantities with limited risk and keeping strict STOPLOSS of around 1085 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
#28 SBI Life InsuranceNSE:SBILIFE
Reason Being:
1. Higher High Pattern Formation
2. Rising RSI and Above 60 Level
3. Breakout with Heavy Volume
View Negated Below: 914 in weekly closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
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