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.
SBILIFE
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.
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;
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.
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.
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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.
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.
Sbilife Trade Setup For tomorrow (short)Sbilife is making a good price action a good downward momentum stock give the correction.
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Now stock is testing 1150 levels, so for tomorrow if stock goes below 1150 you can sell this trade.
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Target would be around 1125.
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What's your view on this comment below in the box.