SBI Life trading near strong resistance - Keep it on your radar
Updated
It's important to be patient at this kind of level.
SBI Life's price is trading near its Support turned resistance zone. it has broken out of it but the volumes are below average.
Although RSI & MACD are showing strength, one should wait for the price to retest this level before taking any trade.
There's no buy/ sell level. this is just an observation and I'm going to keep this on my radar.
SBI Life's price is trading near its Support turned resistance zone. it has broken out of it but the volumes are below average.
Although RSI & MACD are showing strength, one should wait for the price to retest this level before taking any trade.
There's no buy/ sell level. this is just an observation and I'm going to keep this on my radar.
Trade active
SBI Life has reclaimed the support and formed a Strong candle supported by good volume.This is a perfect signal to deploy a buy order. We can look for any correction on the smaller timeframe for a better buying level.
Buy level - near 1160 or lower
Stop loss- 1099.5
Target - 1127, 1290
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.