SBILIFE
#sbilife 🙆♀️&🤷♀️NSE:SBILIFE
it's not perfect head and shoulder but even if it cross 920 then trailing target might be 950 and so as we can see reversal candle on daily it might retest head and shoulder neck line and then might bounce so please trade accordingly.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
SBILIFE - INVERSE HEAD & SHOULDERS PATTERNA INVERSE HEAD & SHOULDERS PATTERN is a clear cut indication of a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Stock Analysis of SBI LifePrice - ₹788.90 Dt. - 03-11-2020
On a daily chart, it looks like the stock is ready to reverse the downtrend. On 3rd Nov. the price has closed the support line from below which is placed at ₹784. RSI shows that the stock was near the oversold zone but managed to move up to 46 points which higher than average volume.