SBILIFE –Double Bottom at Major Support | Bullish Reversal SetupCurrent Price: ₹1,815.40 (+2.63%)
After a strong rally from Nov 2025 to early 2026, SBI Life Insurance corrected sharply. The stock has now formed a classic Double Bottom pattern with two solid lows at ₹1758 – 1760 zone (Points A & C).Today’s strong green candle off this critical support, backed by decent volume, indicates that buyers are stepping in aggressively to defend the level.
Key Levels: Strong Support: ₹1758 (Double Bottom) — Breakdown below this would be bearish.
Immediate Resistance: ₹1831 → ₹1866
Next Major Target: ₹1960 – ₹2000+ (re-test of recent swing high)
Bias:
Short-term bias is cautiously bullish as long as price holds above ₹1800. A decisive close above ₹1831–1866 would confirm the double bottom reversal and open the path for a fresh up move.
Risk Management:
Stop below ₹1787–1800 for aggressive longs. Conservative traders can wait for confirmation above ₹1831 or .The overall long-term trend remains intact. This appears to be a high-probability accumulation zone at strong support.
Sbilifeanalysis
SBI Life cmp 1589.85 by Daily Chart views*SBI Life cmp 1589.85 by Daily Chart views*
- Support Zone 1566 to 1593 Price Band
- Stock Price testing retesting Support Zone since 28-October-2024
- Volumes stable since 28-October-2024 indicates probable accumulation
- Support at 1530 > 1470 > 1390 with the Resistance at 1645 > 1710 >1780
SBILIFE Rally, Breakout. With Full details. Previous Long term resistance of 1380 has now become the support level for SBI LIFE.
When a resistance turns into a support it adds more confidence to the upcoming trend.
Currently we can see a breakout from a descending triangle pattern in the daily Time Frame.
Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement towards the higher side unless observed otherwise.
Happy Trading,
Yamini Prabu
NSE, NISM Certified TA,
Indepedent Trader/Trainer
SBI life Short trade (Intraday)SBI Life at a support level, you can go short once it breaks the support level. ⚠️ Enter after the close-in of 15min candle. The volume of the breakout/breakdown candle should be good enough.(/or the breakout candle should be strong). Target1 : 1230Rs/ 1% of the Stock Target2 : 1200Rs . Place Stop-loss logically // Ignore if the stock opens gap-up or gap-down. // Trade with your own risk // Trail your stop-loss once it reaches 50% of the target//
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.











