SBILIFE is making higher high and has closed near important resistance. Above 781, this looks for long.
This study is purely based on simple support & resistance analysis.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn...
ZEEL Looks good to go for 900+ Lvls... Watch for levels pointed on the chart...
I am not a SEBI Registered Analyst. Its just a test trade. So, suggest not to blindly follow my charts. If followed, one should always be able to manage risk.
#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™