Stock of SBI life insurance company in its daily time frame chart is forming double bottom type structure. RSI is 53 and is above the all moving averages like 20DEMA, 50DEMA and 200DEMA also. 1454 and 1494 are the important levels may be considered as breakout point. one can add in watch list. I have from 1385 levels.
Trade closed: target reached:
Our 1 st target of 1454 is achieved & 2nd target 1494 is almost achieved (Todays High 1492). I will trail my stop loss to 1440 and wait for breakout as Insurance sector has strong business in March Quarter...