SBILIFE Triangular BreakoutSBILIFE has potential to reach 1300 easilly in short term. Above 1140 it will go 1185, 1220, 1280 and 1300 in short term.
SBILIFE trade ideas
SBILIFE | Shall we aim for a quick 15%SBILIFE | Shall we aim for a quick 15%
CMP : 1167 (Dip : 1150)
SL : 1110
Target : 1300
1:3 risk reward setup
SBILIFE- False Breakout gives a SHORT!Attached: SBILIFE Daily Chart as of 21st April 2023
For the Levels, it is already marked in the Chart (SELF EXPLANATORY)
Stop Loss > 1136
Downside Target 1= 1074
Downside Target 2= 1054
For the Thesis as to why it is a SHORT:
- the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as the Low of the Candle was taken out
- with the 21st April Candle (latest candle) Bears entered the stock giving a Breakdown below POC of the Volume Profile
- All Insurance Stocks saw Selling on Friday, even HDFCLIFE is similar and Bears have taken over in that Stock as well. So a Weak Sector too
Note: Both SBILIFE and HDFCLIFE have Earnings on 26th April (the coming Wednesday)
Buy and Hold with Dynamic Stoploss (Lowest Low 10 Days)We don't have to be smarter than others. We have to be more disciplined than rest
SBI LIFE - Intraday Trade || 11th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the 11th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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Short on sbi life insurance CMP 1130 , Target 1000 , Expected to touch 200 day ma . Weekly and monthly time frames are in downtrend .one can buy put options of 1100 or sell futures at CMP. Timeframe March 2023
SBI Life - Bullish Engulfing - Long CandidateNSE:SBILIFE closed last week with bullish engulfing candle. If the price starts to travel and close above 1127, I would look for positional target of 1168 with small resistances in between placed at 1133, 1145. SL can be low of Fridays candle 1088
Is it a co-incidence that both HDFCLife and SBILife made bullish engulfing candles last week? May be some of the insurance sector stocks can show an up-move.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!
Double bottom pattern breakout in SBILIFESBILIFE
Key highlights: 💡⚡
✅On 1hr Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1130+.
✅Can Go Long in this stock by placing a stop loss below 1080-.
✅breakout this can give risk:reward upto 1:4+.
SBI Life Double Bottom RSI Divergence SBI Life has formed double bottom pattern on daily chart. while the RSI is making higher lows which is sign of RSI Bullish Divergence.
Entry:
We can go long after close of strong bullish candle near support zone.
Stoploss:
We can keep stoploss below the support zone.
Target:
We can keep target near the next resistance zone which will be also the neckline of W pattern in future, as marked on chart.
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SBILIFE Double top Breakdown ??!!!Chart pattern look interesting for a short trade
Reasons
1. SBILIFE travelling in a Descending channel pattern ( hourly time frame)
2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops )
3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!!
4. SL & Target levels mentioned @ chart as horizontal dashed lines(red & green)
5. 2 hr candle escaping out of the channel(yellow) can be less risky SL.
6. On 15th Feb(wed), Sbilife formed a Superb Bullish Engulfing day candle, but couldnot sustain. ... showing the BEARS STRENGTH!!!!
7. 1113(1st target) level small gap remains unfilled!!!
Let's wait and watch how it moves!!!!
NOTE- Just sharing my view......not a tip nor advice!!!!
#SBILIFE #GOODBUY #OPPORTUNITYGALAXY #SBILIFE #GOODBUY #OPPORTUNITYGALAXY #SWINGTRADING
SBI LIFE GIVES ANOTHER OPPORTUNITY GO LONG...!!! FROM NOW, Long Initiated at 1122, Quick first Target 1190 Trail your SL by closing below 1097.
@SBILIFE #SBILIFE : Almost 40% downside MOvement expected.@SBILIFE #SBILIFE
SBILIFE : Almost 40% MOvement expected.
almost 40% Profit
Breakdown Happened on lower timeframe, so first target is 1072, if it crosses 1072 and acts as resistance, the we can expect a huge downward movement upto 750 i.e 40% profit.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
SBI Life is at supportSBI life can drop upto the last resistance line.
The insurance sector has taken a hit today due to budget. The tax rates are revised.
Never the less, we know insurance is a growing sector and every year percentage of insurance issued are increasing and people are becoming more aware.
All the costs will go up and eventually one can only afford it via insurance. E.g. Developed country the cost of opearation is so high that one cannot afford it without a insurance.
Long term this is a good opportunity to collect the stock.
Do provide your comments and rate my charts. I feel there are professional level.
I like to keep it simple, because success lies in simplicity.
SBI Life Triple Bottom PatternTriple bottom pattern is seen in SBI Life hourly chart. Also the price is making lower lows while the RSI is making higher lows which is clear sign of RSI Bullish divergence.
Entry
When a strong bullish candle is formed at support zone.
Target
The next résistance will the target as marked on chart.
Stoploss
Stoploss will be below the support zone.
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SbiLifePrice is nearing the trend line. To be bullish, price have to break the trend line with volume and sustain it. Buy above 1262 with the stop loss of 1250 for the targets 1276, 1288 and 1302. Sell below 1240 with the stop loss of 1254 for the targets 1226, 1212 and 1202.
SBILIFE - Possible BOLooking at the chart -- once SBILIFE crosses the Previous month's HIgh - should trigger further upside movement.
Possible Breakout of channel pattern upside should support the same.
Also trading above all the indicators, Volumes are also above average from past 2-4 weeks.
Add to watch list -- may take you to station 1500 very soon NSE:SBILIFE .
SBILife buy above 1314SbiLife looks good to buy above 1314, it may form halt candle on 10th Jan and after that it can give up move. halt candle will be good for up move. Pls note I am not sebi registered advisor. This idea is just for education purpose. Please consult your financial advisor before taking trade.
SBILIFE BREAKOUTsbilife breaking resistance
trading above 20 ema
ST target can be1340
educational idea only
SBI LIFE INSURANCE 1D TFSBI life chart near to break out take look at it when it break out it give massive movement either direction because its quarterly result are declare soon so that it give moment after break out.....keep eye on it....👍
SBI Lifeay go upward till 1286 SL 1255 in week timeAs per Harmonic PRZ pattern, SBI Life may go up till 1286 SL 1255
