SBILIFE Rally, Breakout. With Full details.
Previous Long term resistance of 1380 has now become the support level for SBI LIFE.
When a resistance turns into a support it adds more confidence to the upcoming trend.
Currently we can see a breakout from a descending triangle pattern in the daily Time Frame.
Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement towards the higher side unless observed otherwise.
Happy Trading,
Yamini Prabu
NSE, NISM Certified TA,
Indepedent Trader/Trainer
When a resistance turns into a support it adds more confidence to the upcoming trend.
Currently we can see a breakout from a descending triangle pattern in the daily Time Frame.
Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement towards the higher side unless observed otherwise.
Happy Trading,
Yamini Prabu
NSE, NISM Certified TA,
Indepedent Trader/Trainer
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