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Yamini_swingtrader

SBILIFE Rally, Breakout. With Full details.

Long
SBI LIFE INSURANCE (NSE:SBILIFE)  
Yamini_swingtrader  
NSE:SBILIFE   SBI LIFE INSURANCE
Support and Resistance Candlestick Analysis Triangle SBILIFE sbilifebuy sbilifeinsurance sbilifetechnical sbilifelong sbilifeanalysis
15
3
supportandresistance candlestick triangle sbilife sbilifebuy sbilifeinsurance sbilifetechnical sbilifelong sbilifeanalysis
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
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