SBILIFE trade ideas
SBILIFE WEEKLY|Great stock for long-term investmentSBILIFE stocks have recovered naturally during the first half of the year in midst of the pandemic.
In the midst of these uncertain conditions, everyone is likely to turn towards having security plans for child education and family protection .
SBI being the largest bank of India, will be a preferred option for investment and insurance plans by many.
Great stock for position holding . Go Long.
Coming few weeks expected to have a surge with a little correction post that.
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.