Reason- -Demand zone -EMA 20 on weekly and monthly time frame -Golden crossover on weekly time frame -Do refer test levels marked and enjoy the rally
SBI life stock in side ways zone in some time. Now today we have seen bullish candles appeared in the charts above the support area. Also a curve pattern is forming which is again the bullish sign. RSI is also forming the PCD again the bullish sign. Long entry can be taken above the level of 865 after the clean BO of the TL as marked in the chart. Target we can...
SBI card is facing very high resistance level. In 5 mins candles bulls are becoming weak. Expect a downfall tomorrow.
SBILIFE looks to have broken above the rising wedge pattern & also a consolidation channel. Next significant resistance is around 960 followed by 1000. So the stock can be bought for target of 960 & 995 with a stop of 868.
Note: This is for educational purpose only. There seems to be a bearish engulfing near resistance. There is not so high volume though to support this bearish move. There is a bearish trend line breakout in RSI as well.
SBILIFE buy if closing above 862.6 ONLY SL: 854.5 TGT1: 872 TGT2: 883
SBI life has made a barish harmonic pattern. The volume is not supporting the breakout. So expect some sort of reversal from prz levels This is my view. Take trade based on your own analysis....
Sbi life in daily view if break 848 with heavy volume leads to move sudden move toward up side
765 to 794 Braking wither side will decide teh trend...
NSE:SBILIFE Expected Upper Breakout Reasons being: 1. Expected Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume Long SBI Life for a target of 840 and 880 in 10 to 15 days. SL around 735
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...
Levels are on chart. Please like this pattern. Thank you. Happy Trading!!!
The crucial level on Fibonacci of 61.8% i.e. 762 have been tested several times but couldn't hold above it. It is expected to see a breakout above 790 level which is very important to break for an uptrend. The buy call has been called above 790 for the target price of 900 which can be achieved soon.