NSE:SBILIFE   SBI LIFE INSURANCE
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30
Buy above 765 with the stop loss of 760. Targets are 770, 775 and 780.
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Comments

Hi vanathi,
I'm new to trading.
Can u plz tell me ,whether it upflag pattern.if it breaks 765
Reply
It has a bearish Harmonic Bat at 780
Reply
daya448 Dinesh_C_Nagpal
@Dinesh_C_Nagpal, So it means it can reverse at 780 and come down? Is it safe to buy at 765 and square off at 780?
Reply
@daya448, Maam, has mentioned the sl and her target tallies with the harmonic pattern. In trading we measure risk, as there is no such thing as safe or unsafe because markets are in uncertain mode 24/7, we only work on what the screen suggests but as the great WB says "we dont know what it will do the next day, month or year"
Reply
vanathi Dinesh_C_Nagpal
@Dinesh_C_Nagpal, Very well said Sir, we can do analysis, but rest is in market's decision. Thank you for sharing your knowledge.
Reply
@vanathi, you are welcome. Thank u for sharing the trade idea in the 1st place
Reply
vanathi daya448
@daya448, It can be decided about market opening and the strength it shows.
Reply
vanathi Dinesh_C_Nagpal
@Dinesh_C_Nagpal, Okay. Thats cool.
Reply
DrMaheshKhurana Dinesh_C_Nagpal
@Dinesh_C_Nagpal, formation of cup and handle or break out of ascending triangle near resistance
Reply
navneet68 DrMaheshKhurana
@DrMaheshKhurana, yes just saw the cup and handle formation as well
Reply
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