Just below 200 Days Moving AverageSBI Life insurance has given a breakout and one can target 900+, its also trading just below 200 days moving average.
SBILIFE trade ideas
Above 848 if break with heavy volume leads to a good move upSbi life in daily view if break 848 with heavy volume leads to move sudden move toward up side
SELL SBI LIFESBI LIFE 805
RESISTANCE : 810 820 847
SUPPORT : 796 784 772
SELL BELOW 802
NOTE : 802 is the main support for stock trade below 802 is negative for stock . So watch 802 as a main support . Support and Resistance on closing bases
SBI LIFE - BreakoutSBI LIFE is expected to go up as we see that its likely to breakout its resistance. Also 20 SMA is about to exceed 100SMA and 100 EMA.
#6 SBI Life - Long with a view for 10 - 15 DaysNSE:SBILIFE
Expected Upper Breakout
Reasons being:
1. Expected Breakout in Daily chart
2. Breakout in OBV
3. More than Daily Normal Volume
Long SBI Life for a target of 840 and 880 in 10 to 15 days.
SL around 735
SBILIFE breakoutAscending triangle breakout in sblife. buying range would be around 760-765. Target 780-785. SL 753.
sbi life breakout or breakdownsbi life breakout breakdown.1D chart and 1 hour chart.
1hour breakout-758.50 and breakdown 742.40
Blind Buy Sector Stock corrected from all time high.
50 correction co relate with previous rally starting point.
Sector is very positive here on.
High growth wildly visible.
SBI Life - Gets back to lifeFundamentally strong, SBI Life went through an unwarranted correction during the pandemic.We have been buying at lower levels. Now, the price is at a nice resistance zone which it had tested on 2 previous occasions and finally closed above the level today. It has been making a series of higher lows. Last few days has seen a spurt in volumes. Multiple indicators have turned positive. The stock has also moved above the Ichimoku cloud on the daily chart. ADX has also turned positive. With price action and momentum in its favour, it is Good to take a fresh long position at 781 with a target of 872 and a SL of 750
Synergistic Pattern: Triangle + Horizontal resistance + 300 EMALevels are on chart.
Please like this pattern.
Thank you. Happy Trading!!!
SBILIFE short term target of 900 (Expected breakout on 1st June)The crucial level on Fibonacci of 61.8% i.e. 762 have been tested several times but couldn't hold above it.
It is expected to see a breakout above 790 level which is very important to break for an uptrend.
The buy call has been called above 790 for the target price of 900 which can be achieved soon.
