SBILIFE trade ideas
A case of Two Lines in SBI LifeMy perspective on SBILIFE . A simple strategy of price moving in between two lines i.e Support and Resistance lines and that too dynamic lines. The Support and Resistance lines are already marked on the chart and as seen the price is taking a reversal from its Dynamic reistance line.
Breakout after correctionSBI Life had given a correction after decent upmove. Today the stock is giving a breakout.
SBILIFE bullish flag breakoutHello traders,
SBILIFE has given a flag and pole breakout, it is better for cash segment but can also be traded in derivatives with a strict sl.
It seems in a good run so we have our targets marked but it is an uncharted territory.
Buy above - 1260
Targets mentioned in the chart above.
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SBILIFE AT BREAKOUT LEVEL OF PREVIOUS STRONG RESISTANCESBILIFE is at 1272 level which is nearer to its ATH 1273.90.
RSI is above 65 in daily, weekly, monthly timeframe.
If SBILIFE is breakout the chart we looking for long side.Now SBILIFE is in consolidation zone . If they breakout the Rectangel pattern then we are looking for TGT 1 & 2 . If tomorrow stock is not breakout the chart we are not trade in this scrip for intraday or Swing.
Buy above 1256 TGT 1267 and 1286 SL 1230Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Round Bottom formationRound Bottom formation, breakout possible from current level
trend reversal below 1200.
regressions channel analysis of | SBI LIFEsbi life forming good for buy
from here can be buy for target of 1180
if price break and sustain above chennel
then it may go for 1235
SBILIFESBILIFE Sell
Entry 1176
Sl 1200
Target 1100
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SBI Life - Flag BreakoutFlagbreakout going long above 1210. Being a volatile market i'd only buy half here and add more once it makes an all time high above 1275.
This stock wouldn't be a trade but a chance at a longer term investment so the SL would be deep.
SL would be 1089. Once the 2nd buy is made shift the SL to 1200.
SBILIFEBreakout Trade:-For ST staying ABOVE 1155 This may attempt and move towards 1186/1202
SL can be kept 1140
S/D traders can buy On dips to 1120
with stop at 1115
SBI LIFESBI LIFE
Above Trent line breaks 1193 then will be met 1207 and 2015 above cub and handling pattern
Target 1278,1300
SBI LIFESBI LIFE
Above Trent line breaks 1193 then will be met 1207 and 2015 above cub and handling pattern
Target 1278,1300
SBI LIFE - TRENDLINE SUPPORTTook a strong support from the cover fall trend line from where it bounces multiple time, so this time also we are expecting some bounce that may lead to hit ATM again...
sbi life triangle breakouti am newbie trader , i am looking for charts to gain knowledge . if iam wrong pls tell me it would help me
SBILIFE important levels for long term investmentSBILIFE important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk
SBI LIFE In higher timeframes it is in the channal , but in Daily timeframe it is giving good breakout.
Also the level from where it has reversed was a good horizontal support level at Daily timeframe.
We can expect. Move of 10 percent
sbi life - parallel channelnear all-time high and forming parallel channel of retracement
for any query feel free to comment
