Attached: SBILIFE Daily Chart as of 21st April 2023
For the Levels, it is already marked in the Chart (SELF EXPLANATORY)
Stop Loss > 1136
Downside Target 1= 1074
Downside Target 2= 1054
For the Thesis as to why it is a SHORT:
- the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as...
NSE:NIACL
The trade is SWING TRADE
The stock is at great support zone .
The target is 100
The has consolidated from many days .
This is for educational purpose.
📈 SBI Life 📉
My Findings :-
1. Breakout from resistance zone which was support also earlier.
2. Strong Candle at breakout.
3. Close Above March 2022 High.
Bias- Long
Target- 1205, 1234 and 1288
SL- 1099
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more...
fundamental analysis-
1. shareholding
73.42% promotor holdings ( unpledged )
17.17% FII investors
4.14% DII investors
almost 95% holdings is in strong hands.
2.performace
56.62% 1 year performance (better than peers)
net sales are better than peers.( Rs.2,755 )
financials are getting quite stronger.
*reason to invest in insurance sector-
Having a look at the...
The stock is not only technically looking good, fundamentally too, it is very undervalued compared to its private sector peers. Valuation will catch up in the long-term as this is the biggest General (Non-life) insurer.
#hdfclifeinsurance potential breakout continuation
broke out of a resistance zone with a wide range bullish candle. Insurance sector is bullish.
stop loss could be below the breakout and entry could be above current candle high for swing trades
momentum and trend is bullish in all timeframes and breakout is likely to continue more.
ICICI Lombard GIC is one of the leading private sector general insurance companies in India with a Gross Written Premium (GWP) of Rs135.92 billion for the year ended March 31, 2020. The company issued over 26.2 million policies and settled over 1.86 million claims as on March 31, 2020.(Source : Company Website)
Check to the chart for more information !!!
Expecting Big Move only above 678/680 Zone Once it take Breakout from this zone then we can see good buying and big moment in this stock
so till 680 wait and watch
Can Take Possitionally above 680 For Target of 710/30
SL 655
Add "New India Assurance Company Ltd" | NSE: NIACL to your watchlist. Good, Investment Opportunity if breaks the upper resistance as shown in the image.
It is forming an inverse head and shoulder pattern.
Disclaimer: This is for educational purposes only. I am not a SEBI registered advisor. Please consult your advisor before investing.
Happy Trading and Investing :)
Stock is forming Ascending Triangle on higher TFs. Keep in radar for next few days (can trigger anytime in next few days)
Intraday : Buy above 711 for target of 720 in intraday SL 704
Swing : Buy if 1 hour candle closes above 711 then can target 740 to 750 levels, SL will be lower Trendline
Consider shoring the stock if breaches Trendline and gives closing below...
A weekly reversal is taking place in the pair chart suggesting upside of 3.45/3.60/3.70, the view negates below 3.05
The bias is Lombard could outperform Prudential in short to medium term.
Great run up since the IPO in September 2016. However since then its trading in a band of 300 - 550.
The Chart indicators are weak. There's twizzer top pattern at the current levels. RSI is near the oversold region, so might stablise before crashing.
The profit run rate every quarter is flat at 300 crore i.e, Rs 1200 cr bottomline in a year. The market cap is...
