SBILIFE trade ideas
SBI LIFE | Best place to enter Positional or Swing TradeIf it comes & bounce from Fibonacci level of 0.5 or 0.618 ..then one can enter early with small SL..
SBI LIFE is moving as predictedCheck the chain for better insight into the calls given a week back. Target 1 has reached now Target 2 !!
Rounding Bottom patternThe stock is making a rounding bottom pattern and looks good above 918.25 level
SBI LIFE RETESTING SUPPORT Hello, Fellow traders i hope all of you are doing well. Here's the chart of SBILIFE Retesting multiple supports at same time it can be a good buy opportunity from here.
let me know your views on my analysis
SBILIFE INSURANCE FROM 8 JAN 2021The stock has given a good breakout on the upside with sufficient volume ...
1. Take Entry at CMP : 935 about ( 20 % )
2. Take 10% continuous entry 895 - 900 - 905 ( from down to up ) ( 30 % entry done )
3. Take 50% entry at 920
with sl of around 870
Targets ___ 940 ---> 970 --> 1030
SBI LIFE is going to make money , BUY !Please check the chart for all the levels and ask any doubts if you have.
SBILIFE_SUPPORT AT RS 864_Good Support at Rs. 864
Entry at EMA 20 days = Rs.880
1st Trgt = Rs 955
Stop Loss = Rs 837
Note: Analysis for educational purpose only.
SBI LIFE LONGstanding on trend line and support line, reversal candle formed continuously, RSI is increasing. buy above 872 with 2% SL
Descending triangle pattern Please turn point of view to line. We can witness descending triangle pattern. Base is at 862.49, support zone and height is around 20 points. Thus, we expect marginal decline in CMP
SBIL - Descending Triangle Pattern Please change view from candlestick to line. You will notice that price movement has formed a descending triangle pattern. Base is at 862.49. Height of triangle is 20 points. We expect a marginal drop in price.
[Positional] SBILife Budget BetExpecting relaxation in Budget on Insurance.
Also, it will make a good higher high. Right?
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
SBI Life forming Bullish reversal Elliot wave pattern! SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame.
Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead.
With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade.
SL & Targets are mentioned on the chart... Look forward for feedback to correct my charting / analyzing skills.
Regards,
Ravi B
SBILIFE buy at 800 / 815I will go LONG on SBILIFE because:
The price is under Support/Resistance zone.
It has touched the support and may reach the resistance zone.
Target would be the Resistance area.
Book profit when it reaches the resistance zone.
Entry - 800/810
Target - 950
Stop loss - 773/755
SBI LIFE (Multi Confirmation)There are a few reasons why I think one can go long
Technicals
1. Price is in the demand zone
2. Took 0.5 Fibo support and closed above it
3. Took 200 EMA support
4. RSI Bullish Divergence
5. Ascending triangle formation
6. Increase in Volumes (relative to last five trading sessions)
Fundamentals
1. Posted Q3 results with Covid provisions and a huge jump in premium income
2. Undervalued - P/E of 53.54 against Industry P/E of 79.83
The stock is in correction mode though and has a short term bearish trend, so take the price action into account. Looks like a good long above 891 with SL of 850 (or when it breaks the daily TF trendline). If the stock breaks the low of 22/1/2021 (i.e 838), one should wait for a better pattern to emerge.
60-70% can gain just from trading at right levelslow is below 600 and high above 800 levels
buy at low and sell at high levels
have done it every year
so easy gain
and won't go out of business
but stop-loss is a must
SBI LIFE INSURANCEBreaking the trading range.
Todays candle confirms that it intends to go up.
Can enter at these levels.
