SBI life is one of the stock with good fundamentals and insurance sector has corrected from his high.
We do see breakout at this stock, in past stock many times tested this level and get bounce back from this level.
and again we do see stock is on the same level and intrest among the investors on this level.
So we should expect small move of 2- 3% on this...
SBI LIFE can give a good up move on intraday or swing basis
ENTRY - 1497
STOPLOSS - 1484
TARGETS- 1520, 1544, 1575++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
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SBI LIFE 1350, witnessing classical inverted head and shoulder breakout on weekly charts. Target can be 1450 to 1520. invalid below 1280 on weekly closing basis. Entry should be above 1350 on weekly basis
SBI LIFE
CMP 1485
Good near 1450
SL 1425
TARGET 1500-1550-1625+
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Rgds,
Naresh G
SEBI Reg.RA
*Swing Trade*
Buy SBI Life between 1495-1505
SL 1450
Target 1: 1570
Target 2: 1600
Duration 1-2 weeks
50Rs SL per quantity trade as per your risk rewards capacity.
Previous Long term resistance of 1380 has now become the support level for SBI LIFE.
When a resistance turns into a support it adds more confidence to the upcoming trend.
Currently we can see a breakout from a descending triangle pattern in the daily Time Frame.
Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
The stock has been in an uptrend since its listing and has formed a series of higher highs moreover it has been following a proper parallel channel 1536 should be the immediate targets
if this range is broken an elongated rally can be seen with targets till 2000
also the fundamentals of the company are amazing there has been rise in net profit by 15% yoy basis
