SBI LIFE Looking Good Made A Good BaseNSE:SBILIFE is looking good. It has made a base around 1395-1338; today, it broke above major Levels.
The RSI and MACD are Showing Strength.
Results are Due in a few Days Watch Closely.
F&O Activity:
Short Covering Seen Today With PCR of 0.70 and 1400 PE as Strong Option Base.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
Around 200 DEMA For Swing Trade or 1660 Levels for Positional.
Stop-Loss:
Around 20 DEMA For Swing Trade Recent Base for Positional Trade.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.