SBILIFE trade ideas
SBILIFE BUTTERFLY HARMONIC PATTERN LONGFOLLOW
IF RECTANGLE IS BROKEN DOWNSIDE ON CLOSE BASIS EXIT IT
#SBIlife cash : Looks good around 800#SBILIFE CASH
14.10.2020
LOOKS GOOD AROUND 800
STOPLOSS 785
TARGET 835-840/880
CMP 810.6
looking bullish price actionlets see how it reacts to our levels ........... do your own analysis before taking any trade
this is just for eductional purpose
Intraday (5-10-2020) - SBILIFEShort bias - price going down in higher time frames, and RSI also coming down.
TRADE SBI LIFE ON 5TH OCTIF GAP DOWN : IGNORE IF WEAK MOMENTUM , IF STRONG
STEP2;
LOOK FOR BREAKOUT CANDLE AND LOOK FOR R1 AND R2
IF GAP UP:
FOLLOW STEP 2
.
TAKE CALL ON YOUR OWN RISK
SBILIFE is Making Symmetrical Triangle Pattern (Breakout Trade)SBI Life Insurance Company : Life Insurance Company ( NSE:SBILIFE ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
SBILIFE is Making Symmetrical Triangle Pattern (Breakout Trade)SBI Life Insurance Company : Insurance Company ( NSE:SBILIFE ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Buy SBI LIFE Buy Sbi life above 870
Till 845
TGT :- 890/910/920
Falling wedge breakout might seen on weekly and daily chart
