SBILIFE
SBI LIFE INSURANCE 📈📈Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
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SBI LIFE (BUY AND SELL)Why Buy and Sell
Now you need to understand the chart Is creating 2 patterns at the same time
1. Tripple Top (which is a trend reversal)(Which is highlighted in Yellow)
2. Cup and handle (which is highlighted in Blue)
If the price crosses the resistance line and creates a new candle above the resistance line then Buy the Target is 1130.( Which means its completing Cup and Handle Pattern)
If the price crosses the Support line and creates a new candle Below the Support line then Sell the Target is 860, 778, 737.( Which means its completing Tripple Top Pattern)
SBI LIFE (NSE CASH)SBILIFE (NSE CASH)
CHART ANALYSIS
LTP: 1000.25
SUPPORT: 983.45
RESISTANCE: 1031.25
DATA
IMPORTANT LEVELS WITH OPEN INTEREST
980pe: 237000 (2nd SUPPORT / STOP LOSS LEVEL)
1000ce: 714000 (STRONG SUPPORT)
1020ce: 452250 (1st TARGET)
1050ce: 481500 (2nd TARGET)
***BUY CALL RETAINED WITH NEW TARGETS.
MARKET CAP: 506.254B (ABOVE 200B / VERY GOOD)
VOL: 3.16M (ABOVE 500K / VERY GOOD)
REL VOL: 2.05 (ABOVE 2 / GOOD)
AVG VOL: 7.665M (ABOVE 100K / VERY GOOD)
FLOAT: 459.5M (BELOW 2B / VERY GOOD)
SBI Life Trade Setup For Positional TradeSBI Life already broken the resistance and given the breakout on today.
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So our first target is 965
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And our second target is 1000.
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It can reach second target before company Quarter results
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So you can make a position in this trade.
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