SBILIFE SHORTI hope you can now see how Sbilife represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Sbilifeinsurance
Simple Trade Setup | SBILIFE | 27-08-2021NSE:SBILIFE
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
SBI LIFE INSURANCE LONGOPEN CHART FOR ANALYSIS
Daily charts of SBI life shows that the stock has been moving in a specifies price range making continuous Higher Highs and Higher lows.
A few days back it gave a good breakout with volumes. And it showed a pull-back now and took support of the range line.
Also, if we look at the 1-minute chart of Sbi LIfe ins. (not able to upload multiple time frame chart, you may open 1-minute chart of sbi life ins), there are huge volumes towards day end which pushed the price upwards. This shows buying interest in traders.
Can take entry at this point with marked targets
Stop Loss- 1078, TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS..
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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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)