SBILIFE Shooting star on chart top after a long uptrend
Today Confirmation done for short trade
MACD indicate weakness in stock.
Disclaimer This is my personal view for education purpose only
SBILIFE trade ideas
sbi life insurance 1w time frame buy @ 1373 target @1416, 1424sbi life insurance 1w time frame
buy @ 1373 target @1416, 1424, 1430.90
risk reward 1:2
its just a view trade @ your own risk
sl@1345
showing inverse head and shoulder pattern in SBILIFE1360 ABOVE SUSTAIN THEN I AM EXPECTING AN UPMOVE IN SBILIFE...
Short term view... showing inverse head and shoulder pattern...
Charts for Educational purposes only.
Strictly follow Risk Reward and Stop Loss if you consider the level
Thanks,
V Trade Point
Strong BreakoutPrice finally break the well defined resistance level after multiple test .. Swing low act as a exit point .
SBI Life Insurance Company Ltd
Observed Breakout - Targets given in chart
Stoploss - 1270
Market Cap
₹ 1,35,722 Cr.
Current Price
₹ 1,356
Stock P/E
73.8
Book Value
₹ 10.0
Dividend Yield
0.19 %
ROCE
15.5 %
ROE
14.0 %
Face Value
₹ 10.0
Promoter holding
55.4 %
EPS last year
₹ 17.2
EPS latest quarter
₹ 3.81
Debt
₹ 0.00 Cr.
Pledged percentage
0.00 %
Net CF
₹ -1,962 Cr.
Price to Cash Flow
4.74
Free Cash Flow
₹ 28,593 Cr.
Debt to equity
OPM last year
0.18 %
OPM 5Year
1.37 %
Reserves
₹ 0.00 Cr.
Price to book value
136
Int Coverage
PEG Ratio
8.81
Price to Sales
1.31
Market Cap to Sales
1.31
My view on SBILIFESBILIFE
forming flag pattern
Above 1306-1310
Looking tgt 1335-1340.
If Cross 1340 it should be rocket as forming inverse Head & Shoulder pattern.
We are keeping on radar SBILIFE 1310 CE.
SBILIFE : A sell-off is of high probabilityFundamentally there is not much reason for the sector to grow in the near future.
The overall valuation of the stock is high. Market share of the stock decreased from 14.5% to 6.69% over the last 5 years.
The stock don't have any moat since it is in a very competitive sector with stock competitors like LIC, BAJAJ Finserve, HDFC LIFE etc.
FIIs have large holding and if they start booking profits at these levels then that will lead to a steep crash.
SBI Life close to breakout.SBI Life weekly chart. Has hit the 1330 resistance for the 3rd time in the past year. Are we going to see a breakout?
❤ & follow for more.
SBILIFE short position On the chart we can see a rising wedge. Our strategy is entering the short once the price breaks below the downsloping support line with a volume increase
Approx. target is shown on the chart.
Make a note that the target may change as it depends when and where the breakout occurs.
To avoid trading the fakeout, looks for a volume surge
SBILIFEwe are looking SBILIFE Bullish move rapidly
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
#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--Resistance becomes Support??------->> the stock is trending upwards
-------->> Broken the trendline and no retest is observed.
--------->> If the previous resistance acts as support we will observe a bullish again to the trendline.
Previous resistance zone @1150 look here for buy side.
{SBI LIFE}:{Expecting Hike 17%, Explained as per Wave Theory}
Price has completed Wave 1 and 2 and as per the Fibo Extension Wave 3 is atleast till the Golden Level of 1.618 which is Rs. 1394.75
This is a Monthly chart.
ENJOY THE RIDE ! ! !
SBI LIFE...BuyGave a head and shoulders breakout...buy here...RRR ration is very good.Tgt claculated and mentioned on charts
INTRADAY IDEA ON 11-04-2023in sbilife we see a resistance zone on upper level and support on lower side and also a trendline support, we will take entry after retset of breakout or breakdown of levels. this content is made for educational and learning purposes only.
SBI LIFE INSURANCE BUY FOR 1:2.39
Price has reacted to a Demand in Higher timeframe and will go up till the Monthly Supply formed @ 1167.25
short position on SBILIFEMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
BULLISH VIEW - SBI LIFE INSURANCEBuy AT 1136 for the 1 Target of 1190,
2ND Target Long Term 1255
Stock had a good Retracement of 262 Points from its latest Swing High. A Pullback of 82 points from its low happen.
SBILIFE Sell for intraday tradingSBILIFE Sell for intraday trading if stock break the given support level...........
SBILIFE view for 21st FebSBILIFE view for 21st Feb
1130 below fall expectation...
Please follow strict risk reward and stop loss if you follow my levels...
Charts for Educational purposes only
Thanks,
V Trade Point
SBILIFE short view below 11301130 below again expecting some selling pressure in SBILIFE
Please follow strict risk reward and stop loss
Charts for Educational purposes only
Thanks,
V Trade Point
