Triple bottom pattern is seen in SBI Life hourly chart. Also the price is making lower lows while the RSI is making higher lows which is clear sign of RSI Bullish divergence.
When a strong bullish candle is formed at support zone.
The next résistance will the target as marked on chart.
Stoploss will be below the support zone.
#NSE:SBILIFE formed beautiful cupandhandle pattern.
Chances for a small pull back and bounce or gapup as the BO retest done with high volume.
Safe players can wait for the 1200 level and risky may check today support levels.
📈 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.
Target- 1205, 1234 and 1288
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...
BUY :- SBILIFE!!!
TARGET:-1111-1200 even more....!
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...
SBI 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
Target: 1300 and 1300+
Simply Inverted head and...
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...
Trade Setup for Date 27-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.