Good Cup and Handle Pattern on Daily TFSBI LIFE
Good Cup and Handle Pattern on Daily TF
Waiting for Good Breakout with candlestick strenght and Volume.
#MyView: looking good and can give a good breakout and good move after break
SBILIFE
SBILIFE - 7th June 2022Stock forming Classic W Pattern Formation on Medium term Time frame.
Confirmation of patterm above 1165 could propel the Prices higher by the Bulls.
Failure of Pattern could lead to Choppy Random moves with downwrd Bias
SBILIFE - double bottom + breakout - Weekly chartThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
SBI Life - Short Term Buy - 21 April 2022Hi,
SBI Life is trading in a Upward channel and above todays high it can go upto recent highs around 1280 in coming days.
As of now its a good buy above todays high of 1149 with a SL of 1117 and target of around 1270 - 1290 is a strong resistance.
Daily Macd is again giving a buy and Weekly Macd is also giving a buy.
RSI is nicely placed above 50 and is showing bullishness.
Price is playing above Monthly Pivot and now gearing to go up.
Disc : For Educational Purpose Only.
SBI Life Chart Analysis !!📈 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 study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
sbi life11/4 educational purpose only
buy on dips around 1130/1140 (20ema/hourly)
cmp 1165.25
sl below 1122.30 (50ema/hourly)
targets of around 120 / 1225 / 1250
SBI Life trading near strong resistance - Keep it on your radarIt'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.
SBILIFE - short term pick#SBILIFE
Buy-Above 1120
Sl-1055
T- 1190 1260
Stock is a good short term pick.
SBI Life - Harmonic PatternSBI Life is a great stock in insurance sector. It has been beaten down due to the bearishness in global market. Whenever the global trend turns positive, we can expect SBI life to make significant up move, till then is can be bought in small quantities for long term.
HAMMER IN SBILIFE ???#WEDNESDAY#
NSE:SBILIFE
Follow @VK2413
BUY :- SBILIFE!!!
{
TRIGGER:-1070
TARGET:-1111-1200 even more....!
SL:-1021
};
WHY TO BUY ??
{
after a HUGE CORRECTION from past a month(AROUND 20% from its high) ,it's forming a HAMMER CANDLE (on WEEKLY CHART).
wait for this week ,let candle to form completely.
if it forms support ,we can see huge POTENTIAL in its growth.
BANKING SECTOR will recover faster than INDEX.
HOPE PEACE TALK of RUSSIA-UKRAINE begins SHORTLY !!!
}
Like👍 , Follow @VK2413 ,🙏 Share love ❤️ ;
} HAPPY TRADING;
SBILIFE long trade in demand zone and bullish candle in progressSBILIFE looks good long trade as a bullish engulfing candle in Daily timeframe demand zone is in progress. Entry 1140-1144 with stoploss of 1104 for targets 1180,1210.
SBI LIFE Swing trade opportunityNSE:SBILIFE reversed from a strong support on a Daily time frame, we can see a good move in the above stock
keep in your watchlist
SBI Life Insurance Company Ltd. BuySBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI Life extensively leverages the State Bank Group relationship as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans and personal loans
CMP: 1263.60
Target: 1300 and 1300+
Simply Inverted head and shoulder neckline breakout and retraced from neckline (1206). Now it goes for target 1300.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
SBILIFE INSURANCESBI LIFE INSURANCE make a bullish flag pattern, wait for bullish signal, add your watchlist......
Target 1 Achieved🤩🔥🎯💸💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
A case of Two Lines in SBI LifeMy perspective on SBILIFE . A simple strategy of price moving in between two lines i.e Support and Resistance lines and that too dynamic lines. The Support and Resistance lines are already marked on the chart and as seen the price is taking a reversal from its Dynamic reistance line.
SBILIFE bullish flag breakoutHello traders,
SBILIFE has given a flag and pole breakout, it is better for cash segment but can also be traded in derivatives with a strict sl.
It seems in a good run so we have our targets marked but it is an uncharted territory.
Buy above - 1260
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
SBILIFESBILIFE Sell
Entry 1176
Sl 1200
Target 1100
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
SBILIFE important levels for long term investmentSBILIFE important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk
SBILIFE SHORTI hope you can now see how Sbilife represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
