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Trading_hawk
Aug 26, 2021 6:27 PM

Simple Trade Setup | SBILIFE | 27-08-2021 

NSE:SBILIFE60
SBI LIFE INSURANCENSE

Description

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NSE:SBILIFE

Trade Setup for Date 27-08-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Trade closed: target reached

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Trend AnalysisFibonacciSBILIFEsbilifebuysbilifeinsurancesbilifetechnicalSBItomorrowstockssbilifelevelstocktowatch
Comments
vtjpm
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@Trading_hawk Made profit! Actually was holding 1200CE from 26 since yesterday. Today I booked profit when it reached 30, at 1180 level. It went up to 1192 as you foretold though. Your levels are super accurate bro. Price was resisting at exact levels of your analysis.
Trading_hawk
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@vtjpm,

Great to know it.

Thank you. Now don't overtrade in the same stock.
vtjpm
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@Trading_hawk, Yes, will not. HDFCBANK and BPCL are struck at levels you drew :(. BPCL not moving beyond 473.
Trading_hawk
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@vtjpm,
BPCL will be bullish on breakout of 473.50.
Keep it on watch.
vtjpm
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@Trading_hawk, waiting!
Trading_hawk
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@vtjpm,

HDFCBANK still holding support of 1546.85 which is good. It can be bullish until and unless it remains above it. For new buy entry better to enter once it breaks 1555 level.
Once can enter at CMP for buy side with SL of 1540.
vtjpm
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@Trading_hawk, Thank you. And even in case of HDFCBANK, your levels are super accurate. Fingers crossed.
Trading_hawk
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@vtjpm,
Thank you
Trading_hawk
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@vtjpm

How was your trade.

Reached all the targets on buy side.
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