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vt_trader
Jan 31, 2023 11:55 AM

SBI Life Triple Bottom Pattern Long

SBI LIFE INSURANCENSE

Description

Triple bottom pattern is seen in SBI Life hourly chart. Also the price is making lower lows while the RSI is making higher lows which is clear sign of RSI Bullish divergence.

Entry
When a strong bullish candle is formed at support zone.

Target
The next résistance will the target as marked on chart.

Stoploss
Stoploss will be below the support zone.


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Comments
rohitbansal1212
It is making a trending range in weekly timeframe as well and is trading near its support(1080-1100) now
stock-marketing
Good Analysis
stock-marketing
I am Bullish on SBILIFE
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