* Since the rsi and mfi are the overbought levels and also it is a clear uptrend * High possibilities are there for the script to be bullish * If the market starts positively then idea will continue moving upwards
With multiple headwinds, the stock had corrected big time and is now on the path of recovery aided in part by the easing of the global pandemic led economic lockdown. While it was tempting to have entered the stock at levels closer to 70, we needed to be certain of the recovery path. In the past month, the stock had attempted to retrace but failed at the 23.6%...
Fundamentally strong, SBI Life went through an unwarranted correction during the pandemic.We have been buying at lower levels. Now, the price is at a nice resistance zone which it had tested on 2 previous occasions and finally closed above the level today. It has been making a series of higher lows. Last few days has seen a spurt in volumes. Multiple...
Technical view on the chart. Fundamentally, I could see 2 issues: 1. Overhang of separate listing of SFB 2. Stress in rural economy which might not be reflecting in the current quarterly numbers Above 200 DMA , the idea gets invalidated