SBI LIFE INSURANCE----- BEARISH !!short SBI life insurance below 864.08
it going to retrace from supply zone ... as i have explained this theory before
SBILIFE
SBILIFE ON 30 MINS CHARTSBILIFE is trading above 200 MA with increase in volume too. We look forward as 910 as our first target & 920 as our second target for upcoming days.
SBI Life Insurance - Monday Trade | 05th AprStock has formed Symmetrical triangle on 30 minute time frame.
Seems will go up (buy above 891) however both side move possible after breaking the triangle
Sbi life has good support at 820 & Resistance 998 RsSbi life is moving from his first support 771& then 2nd support 820 with high volume
--Target = 998
--Expected Holding = 1 week
SBI LIFEIt appears to have completed its pullback and is now attempting to break above its slanting trendline. Short term resistance at 930, above that medium term targets 975 & 1025. Short term view negates below 885.
SBILIFE getting ready for new highsSBILIFE is lookinng good on charts. Once sustains above 940-950 zone, it should pick momentum. 840-860 is very good demand zone now.
SBILIFE trading near support zoneSBILIFE has been trading near the support zone and 200 daily EMA levels as well. It has taken support and resisted 200 EMA levels multiple times; with the closing candle is bullish for the day, we can expect a good up move from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
SBI LIFE | Best place to enter Positional or Swing TradeIf it comes & bounce from Fibonacci level of 0.5 or 0.618 ..then one can enter early with small SL..
SBI LIFE is moving as predictedCheck the chain for better insight into the calls given a week back. Target 1 has reached now Target 2 !!
SBI LIFE is going to make money , BUY !Please check the chart for all the levels and ask any doubts if you have.
SBI Life forming Bullish reversal Elliot wave pattern! SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame.
Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead.
With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade.
SL & Targets are mentioned on the chart... Look forward for feedback to correct my charting / analyzing skills.
Regards,
Ravi B
SBILIFE buy at 800 / 815I will go LONG on SBILIFE because:
The price is under Support/Resistance zone.
It has touched the support and may reach the resistance zone.
Target would be the Resistance area.
Book profit when it reaches the resistance zone.
Entry - 800/810
Target - 950
Stop loss - 773/755
SBI Life is retracing towards its trendlineSBILIFE gave a good breakout from the indicated trend-line and now it has retraced back to this trend-line.
Would it breakout on the down side or could this be a good place to re-enter for long term?
I think it is a good entry point again.
Keep this on radar.
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