Stock is in Consolidation Phase, after making a Higher High.
Have a Tight SL for this Current Trade Set up.
Good RR favours.
Have your own Analysis before any trade.
SBI Life survived from Long band resistance. Price Target is 1650. High possible is there to retest the 1400 level. According to this scenario manage your trade.
Simple core set up
Buy at support and sell at resistance, SBILIFE is at support and considering markets turning green, there is room for SBILIFE to give good reward in coming days
SBI LIFE INSURANCE
Breaking out of a 4T volume contraction pattern.
HVQ volume breakout.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
SBILIFE
the only insurance company listed that is trading at all time highs . it has breached the all time highs and has touched 1374 levels. keep a watch for the coming months. this can reach 2000 plus and is also showing signs of leading the insurance sector and taking the sector along with it to new highs.
the first stock in the sector to register new highs...
SBI Life looks good for a positional trade.
Buying above Rs 1021, SL will be Rs 997.
Target to be decided afterwards.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
- High volume breakout
- Strong uptrend
- Sign of Strengths in Background
- Bottom Reversal with gap up opening on 4th Aug
- Multiple High volume breakout
SBILIFE has formed a flag and pole pattern on the weekly chart. For the last two and a half years, the script has been trading in the range of 1000–1400 and is currently at the resistance level of the flag's upper end. A breakout would lead to 1700 levels.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: SBILIFE
🔍 Description: Stock is making broadning pattern. We can see momentum after breakout.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research,...
