SBILIFE trade ideas
Looks good above 870It has given a breakout from the trendline and consolidated.
Target 915,950.
SL as per your own risk.
SBI Life Buy 846-825 SL 788 with Tgt 890+SBI Life Best Buy 846-825 Stoploss 788 with Tgt1 890-895 and Tgt2 932+
SBILIFE Go "Long"Disclaimer: This is my personal view. Please consult your financial advisor before investing.
This stock counter is open for swing trade for Next 20 Days.
1. Support : Stock has taken a meaningful support @750.
2. Wave theory : On hourly chart stock is in meaningful correction and currently in Wave - B or Wave - 2. When this completes Wave - C or Wave -3 should start upwards. Faster retirement has happen from the level of 750 so we could say this is an up move in Impulsive behaviour. Impulsive behaviour is evident on the chart. So this current move could be Zigzag move up either in correction or Impulse.
3. Favourable Risk to Reward ratio is there to take trade.
4. On current Trend-lines, stock prices are on the South bank of current flow and will travel to North bank in up move.
SBILIFE: Trending for highDisclaimer: Analysis for education purpose only. Seek financial advisor before making any decision
sbilife Insurance formed W pattern On monthly, Weekly and DailyKindly check the label carefully. Once the stock cross the line we can go long.
SBI Life - Can it add money to your life??Cup & Handle Pattern, Symmetrical triangle + Long term trendline resistance Breakout ---> Going Above 865 will set tone for 1030 Target with multi confluence.
SBI LIFEAfter giving a breakout in daily time frame it appears to have completed its pullback near the hourly/daily kumo support. As long as its above 820 it could attempt a rally towards 870 and above that an ATH for 925
