SBILIFE trade ideas
SBI LIFE ANALYSISBULL FLAG IS SEEN WEEKLY CHART BUT IT WILL NOT GO UP UNLESS SOME BIG BOOSTER KICKS IN TO GO UP OR DOWN IT MUST BREAK BOTH WHITE AND GREEN LINES ON CLOSING BASIS TARGETS FOR SHORTS AS WELL AS LONG MARKED
TRADE AT YOUR OWN RISK
Buy SBI LIFEFinally Breakout for SBBI LIFE
strict stop loss 999-1000 because volumes haven't increased.
can expect good rally if price stays above 1000
Happy Trading
SBILIFE LONGSBI Life -
Trendline Analysis - Trading at Support. Should go for LONG
Harmonic Pattern - Formed Bearish BAT pattern and retraced 61.8%. Bounced back indicating done with reversal.
Can go long with SL 966 for TGT new life time high on the table and short term target as 1006.
SBI LIFE INSURANCE ANALYSISLET THE UPPER TREND LINE BE BROKEN ON CLOSING BASIS TARGET FOR SHORT IS GIVEN IF IT DOES NOT BREAK UPPER LINE TARGET IS THE GAP WHICH MAY BE FILLED UPSIDE AND GAP IS HUGE RESISTANCE ALSO GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
Sbi Life InsuranceBuy above 1008 with the stop loss of 1000. Targets are 1016, 1024 and 1035.
Sell below 995 with the stop loss of 1003. Targets are 987,979 and 970.
Prepared for Profit Booking- If you are holding any of the above two giants, so let me me inform you that I think profit booking has started.
- RSI and MACD are supporting the above view and showing the signs of temporary reversal.
- RSI has formed negative divergence on daily time-frame.
- Time to exit for a time being, but as I said these are giants and if you are immune to such petty slips, continue to hold it as they have a lot to offer.
sbilife good fundamentals.
long-run has good growth.
good to enter below 900 to 840 in between.
it will be doubled in two years
SBILIFE1) Higher time frame 1D chart at triangle formed bearish marubozu
2) Lower time 1H chart broken triangle lower side
3) as 800 psychological number wait to break level
4) look for bearish signs in red zone target 780
SBILifeInsurance - learning chartTGT - 856/880
STOP: 805 CB
RSI Resistance: Around 66
Crossed 20 SMA and RSI > 50
Positive Ichimoku,CMF
