SBILIFE trade ideas
At Resistance n Pre covid level SBI lifeSBI Life at pre covid level. Stock retraced previously also from this level.
Buy SBILIFEAccording to weekly chart anylasis this stocks given solid breakout almost near the life time high and technical very bullish candel so we suggest for buying as swing trade or also long term investment.
Buy 1020 if correction has made others wise buy @cmp price.
Target: 1045, 1090, 1100++ this is short term target.
Possible Consolidation break in SBILifeNotes:
Almost 2% consolidation.
Looking at some intraday positions if the scrip closes above 1011.5 and 1018 (maybe enter on retest since its been a resistance for sometime before the current consolidation too)
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
SBI LIFE Consolidating at All time High.Watch for a Breakout in SBI LIFE. The stock has been consolidating at an All-time high with Volume and Volatility Contraction. Close above 1050 with Good Volumes should confirm Breakout. Keep this in Radar.
Disclaimer: Not and Investment Advice. Do your own research before any trade. Holding position in this stock.
Buy SBILIFEAccording chart pattern sbi life trade rangebound and also trade with 10 day ema above daily basis. We can suggest for swing trade buy in sbi life. Very good quality stocks fo swing.
Buy between 1010 to 1015.
Traget: 1045 then 1090
Sbi life for long One can enter with a stop loss of 956 closing basis with a target of 5 percent from cmp
Keep on radar for breakout above important resistance, will showNSE:SBILIFE 1100-1200-1400 with SL of 950.
Sbi life Sbi life weekly chart rising wedge pattern formation , but when u see in daily timeframe there is flag pattern ,wait for clear indication nd take your bet ,
SBILIFE: A Bullish Trend"
TECHNICAL ANALYSIS OF NSE:SBILIFE
The LAST CLOSE PRICE of NSE:SBILIFE is 1007.15 . The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 1007.15. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 977.51 with RESISTANCE 1 and RESISTANCE 2 at 1011.1 and 1026.6 respectively. The Key 50% FIBONACCI LEVEL stands at 1000.73 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 76.5 and 70.55 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 9.14 and 2.94 at 8.82 along with HISTOGRAM showing values of 0.32, the STATUS is clearly BUYING CROSSOVER.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.88 and 0.56 with UPTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1711 the STATUS is OVER BOUGHT.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 69.2 which signifies its Price Level to be TOO EXPENSIVE.
>>> RECOMMENDATION is : BUY .
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Possible Flag breakout SBILIFENotes:
I'm looking at confirming breakout above 1006.5.
Wouldn't actually recommend to safe/conservative traders, since its taking a position inside the resistance zone right above.
Triangle BreakoutOverall trend is +ve. Today it gave a breakout. We can buy at price above 1004. Price may build momentum from here.
A nice consolidation zone forming for #SBILIFE.A nice consolidation zone forming for #SBILIFE. We can see a nice run above all time high
