SBI LIFE INSURANCE CO LTDUpdated SBILIFE BULLISH FLAG BREAKOUT TRADE (positional)
SUMMARY:-
-stock has broken out of the bullish flag
-i am recommending buy after a big bullish marabuzo candle on weekly chart
-rsi now safely trading above 60 levels
-one can add now or wait for a drop till 1245 to add
-since its a positional trade can take upto 10-15 weeks
-stop is deep so trade with proper risk management
SBILIFE
BUY@1268-1245
STOP@1190
TARGET@1330-1380-1420
*its a positional trade so holding period is long
*we have an major event coming soon
*may impact the fundamentals
*price action is strong so trade with proper stops
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
-stock has broken out of the bullish flag
-i am recommending buy after a big bullish marabuzo candle on weekly chart
-rsi now safely trading above 60 levels
-one can add now or wait for a drop till 1245 to add
-since its a positional trade can take upto 10-15 weeks
-stop is deep so trade with proper risk management
SBILIFE
BUY@1268-1245
STOP@1190
TARGET@1330-1380-1420
*its a positional trade so holding period is long
*we have an major event coming soon
*may impact the fundamentals
*price action is strong so trade with proper stops
NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇
Trade active
FIRINGTrade active
hope all are paying attention to this stock today one major event will be out
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.