rajeevpatil

SBI LIFE (BUY AND SELL)

NSE:SBILIFE   SBI LIFE INSURANCE
Why Buy and Sell
Now you need to understand the chart Is creating 2 patterns at the same time

1. Tripple Top (which is a trend reversal)(Which is highlighted in Yellow)
2. Cup and handle (which is highlighted in Blue)

If the price crosses the resistance line and creates a new candle above the resistance line then Buy the Target is 1130.( Which means its completing Cup and Handle Pattern)
If the price crosses the Support line and creates a new candle Below the Support line then Sell the Target is 860, 778, 737.( Which means its completing Tripple Top Pattern)