SBILIFE trade ideas
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
SBILIFESbilife is looking for bull
Any continuous close above 860
Will make SBILIFE to hit
930-940 levels easily
Sl-845 Spot levels
INVH&S breakout in shorter tf and flag breakout in dailybuy above 866 for intraday and swing.
intraday target s - 876, 879
SBILIFE:-BUY SETUPSBILIFE trading sideways for last 28 days and shaped up in Falling Wedge Pattern.
Volume remains decreasing during sideways price movement .
Levels mentioned on chart.
Plan your trade accordingly.
Given targets seems achievable.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’.
"Trade what you see, Not what You Think"
Happy Trading(:)
SBI LIFE INSURANCE Trading SetupTaking good support from previous resistance. Also looks like triangle breakout.
SBI Life Insurance - Channel BreakoutChannel Breakout, trade per price action. For education purpose only.
SBILIFEBREAKOUT OF THE DESCENDING TRIANGLE PATTERN ON DAILY TF, NEED FOLLOW THROUGH FOR TARGETS OF 878 AND 888 RESPECTIVELY
SL BELOW TODAYS LOW
SBI Life on the verge of Bullish BreakoutSBI life on the verge of bullish downward sloping line above 850-855 can test 1000 with 200 DEMA @ 820 and support @ 807-801
SBILIFE - Converging priceSBILIFE is clearly in uptrend. Now, that this strong pullback from august seems to be coming to an end.
We see converging price at 50% pullback zone of the prior up trend (Marked in black line).
Also, we can see a lot of neutral candles, indicating weakness of the short term selling trend.
So, we can expect a rally in SBILIFE once the price breaks out of the range.
and this rally can go up to 900 / 920 levels
[Buddha] SBILIFE Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SBILIFE should resume the downtrend after consolidationSBILIFE should resume the downtrend after consolidation. Please do not take this as professional advice.
SBI LIFE INSURANCEEntry at 'CMP' ( 835.90 ) , one can expect the stock to move towards 845/852 as long as it trades above 832
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
SBILIFE - 1H TF - Head & ShouldersHead & Shoulders pattern forming on Hourly Chart of SBILIFE. SELL below 855, SL 890.3, Target(s) - 825, 800. Measurement from top to bottom = 65. Follow any of the 2 option(s) that suits your style and risk. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns. A bit late on posting this idea.
