SBILIFESBILIFE looks to have broken above the rising wedge pattern & also a consolidation channel. Next significant resistance is around 960 followed by 1000. So the stock can be bought for target of 960 & 995 with a stop of 868.
SBILIFE trade ideas
Buying Opportunity in SBILIFE SBILIFE is in trading Range as you can see in hourly time frame .
SBILIFE already did several attempts to break the trading range formation but it failed .
Now the real question is why i am bullish on this still it failed to hold above trading range .
Because its above 200 SMA in daily time frame and if look closely you can see the bullish flag pattern in Daily time frame.
In hourly time frame price respecting new support it shows some bullish signal.
Price making higher low and same low which is kind of bullish signal .
These are the factors that's why i am bullish on this , but still i can be wrong . Let's see what will happen .
SBI Life Insurance Company Ltd. - DAILY CHART!!SBI Life Insurance Company Ltd. closes near resistance level whereas Technical indicators are bullish if price trades above resisatnce level 896 near by resisatnce is 948 and support is 200 day sma(857) on daily chart.
[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.
LONG SBILIFENSE:SBILIFE
#SBILIFE CMP 844 DT 4/7/203
MAJOR PATTERN SEEN ON THE CHART IS AN ASCENDING WEDGE AND A TRIANGLE BREAKOUT. OVERHAUL TREND IS BULLISH.
A FRESH LONG CAN BE INITIATED.
BUY RANGE FROM 820 TO 840 SL BELOW 761 FOR A TARGETS OF 860 / 893 / 939
CHART BY HarmonicTrading™
SBILIFE inside the Channel SBILIFE is moving like a ball inside a tunnel
Will it be able to break?
Lets see.........!
SBI lifeIt crossed 200 MA and is struggling to cross the resistance (red line). We can see little negative divergence So expecting side ways consolidation or little correction to down side before crossing but Once it cross red line with volume then we can follow arrow for target.
Plan trade according to your risk :)
SBI Life stock for tomorrow( 22/07/2020)
* SBI Life has support from 200 DMA level and successfully sustain above with high volume .
* Tomorrow i will buy if price sustained 2 minutes above 896 price and that time my initially stop loss is 850 and gradually trailing my stop loss
when price goes above.
* SL strategy No.2 - U also place stop loss as on 1 minute candlestick swing low .
* My target - 1st target is 950 and 2nd target is 1000 .
SBILIFE - Bearish Engulfing near resistanceNote: This is for educational purpose only.
There seems to be a bearish engulfing near resistance. There is not so high volume though to support this bearish move. There is a bearish trend line breakout in RSI as well.
Buy Sbi Life postional callBuy Sbi Life Target 875 900 and 910 its a positional call. its a channel break out trade short term traders can book profit around 875. 2nd target around 900 and 3rd target around 910
