SBILIFE trade ideas
SBI LIFE: INSURANCE SECTOR Sl- 952
Strong share from very strong sector. A potential breakout and life time after the breach of yellow line.
So folks feel free to DM or comment.
short term upside ?1)if sustain above 1005 can move upside for short term
2)59.1% deliveries on 08 jun & 42% on 09 jun 2021
BUY SBILIFEREADY FOR HITTING ATH, CASH PLAYERS CAN BUY AND SIT.
BUY SBILIFE WITH SL: 979 TARGET: 1040.
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My View ON SBILIFESBI LIFE being ready for breakout above 989-990
looking good for tgt 1000-1005-1015++
SBI Life descendingtriangle patternSBI LIfe shows e descendingtriangle pattern keep on eyes for big momentum in short term
SBI LIFE showing a Descending triangle patternSBILIFE descending triangle pattern wait for its breakdown below 960 .
Tgt is in chart.
SBI Life - Intraday Trade SetupSBI Life CMP - 963.65 *High Probability*
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Sell* at or Below 961 / Stop Loss 969
Target 1 - 957
Target 2 - 952
Target 3 - 948
Disclaimer: This is my view and for educational purpose only.
Sbi life breakout chartSbi Life Daily time frame chart. 1015 is resistance level which last year price rejected. Disclaimer: Technical analysis provided on the chart is my personal view. This chart is for study purpose only and don't take any trade based upon only this.
SBILIFE - LONGExplanation:
1. Stock is in strong up trend in weekly and daily time frame.
2. Stock forms the Ascending Triangle in Daily Time frame.
( Both gives Bullish view on stock).
3. in Hour time frame, stock forms the Ascending channel.
Recommendation:
Buy - when the stock gives the breakout.
#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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TRIANGLE PATTERN BREAKOUTALL LEVEL MENTIONED ON CHART
IT IS A WEEKLY CHART SO THE TIME FRAME OF INVESTMENT SHOULD BE 3 MONTHS TO 1 YEAR
