SBILIFE trade ideas
do we see a breakout soon?This stock has posted great results and seems to be consolidating after hitting a high of 1045, do we see a breakout soon? leave your views below...
SBILIFE triangle pattern breakoutdescending triangle breakout
similar observed in daily time frame refer to my previous post for the same
SBILIFE triangle pattern breakout in daily time frameascending triangle breakout
same pattern observed in 30min time frame refer to my next post for the same
SBI LIFE (BUY AND SELL)Why Buy and Sell
Now you need to understand the chart Is creating 2 patterns at the same time
1. Tripple Top (which is a trend reversal)(Which is highlighted in Yellow)
2. Cup and handle (which is highlighted in Blue)
If the price crosses the resistance line and creates a new candle above the resistance line then Buy the Target is 1130.( Which means its completing Cup and Handle Pattern)
If the price crosses the Support line and creates a new candle Below the Support line then Sell the Target is 860, 778, 737.( Which means its completing Tripple Top Pattern)
SBI LIFE INSURANCE: ASCENDING TRIANGLE SBI Life insurance has formed ascending triangle pattern on monthly time frame, closing and sustaining above the resistance can lead to a potential breakout.
