Daily charts of SBI life shows that the stock has been moving in a specifies price range making continuous Higher Highs and Higher lows.
A few days back it gave a good breakout with volumes. And it showed a pull-back now and took support of the range line.
Also, if we look at the 1-minute chart of Sbi LIfe ins. (not able to upload multiple time frame chart, you may open 1-minute chart of sbi life ins), there are huge volumes towards day end which pushed the price upwards. This shows buying interest in traders.
Can take entry at this point with marked targets
Stop Loss- 1078, TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS..
Trade closed: target reached
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TARGET 1 REACHED EASILY!!! TOUCHED 1149 IN GAP UP 6.5% RETURNS IN JUST 5 3 DAYS!!!