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SBI Life Double Bottom RSI Divergence

Long
SBI LIFE INSURANCE (NSE:SBILIFE)  
vt_trader  
NSE:SBILIFE   SBI LIFE INSURANCE
Trend Analysis Harmonic Patterns Chart Patterns SBILIFE sbilifeinsurance sbin Double Bottom rsi_divergence wpattern niftytrend support supportandresistancezones
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trendanalysis harmonicpatterns chartpattern sbilife sbilifeinsurance sbin doublebottom rsi_divergence wpattern niftytrend support supportandresistancezones
SBI Life has formed double bottom pattern on daily chart. while the RSI is making higher lows which is sign of RSI Bullish Divergence.

Entry:
We can go long after close of strong bullish candle near support zone.

Stoploss:
We can keep stoploss below the support zone.

Target:
We can keep target near the next resistance zone which will be also the neckline of W pattern in future, as marked on chart.

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