SBI Life at a support level, you can go short once it breaks the support level. ⚠️ Enter after the close-in of 15min candle. The volume of the breakout/breakdown candle should be good enough.(/or the breakout candle should be strong). Target1 : 1230Rs/ 1% of the Stock Target2 : 1200Rs . Place Stop-loss logically // Ignore if the stock opens gap-up or gap-down....
#Watchlist
#SBILIFE (W):- CMP 1294 Looks Good above 1300 For More Upsides :)
Trading volume tends to drop off the longer congestion lasts. This is not always the case but is the general tendency. Volume tends to pick up when the congestion ends. The congestion is over when there is a breakout, typically on larger-than-recent volume, and the price moves outside...
Possible Symmetrical Pattern Breakout in Daily time frame of SBI LIFE. If price closes above 1150, we can expect upside rally of nearly 10% in coming days. Ideal stop loss would be 1100 with risk reward of 2.5
Do your own analysis before making any financial decision. NSE:SBILIFE
NSE:SBILIFE
#NSE:SBILIFE formed beautiful cupandhandle pattern.
Chances for a small pull back and bounce or gapup as the BO retest done with high volume.
Safe players can wait for the 1200 level and risky may check today support levels.
Stock Name - SBI LIFEINSURANCE LTD
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible after it cross 662
#This is not Buy and Sell recommendation to any one. This is for education...
It might drag a little more to the upside but you should look to short this stock because this whole move is corrective wave wrt to previous move. look for candle close on 4h or Daily to short.
NSE:SBILIFE
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Focus on SBILIFE, as it broke out the resistance and formed a kind of rounding bottom.. Trading with huge delivery percentage conpared to last few sessions, can be a jackpot if traded above 1147..
Remember, go long if traded above 1147, targets given
One week hammer with high volume.
One week and one day above pivot.
Reverted from one month trend line.
I have already bought at 1118 and target is 1250 and stop loss is 998.
In 1D timeframe, SBILIFE trading in triangle pattern . Today session expected reversal from support level near 1060+ and entry at 1090+. expected upside Reversal target upto 1162+. This target can extend further in case it gives breakout of resistance level near 1162+. After breakout project target will be 1345+ in upcoming few trading session.
In 1D timeframe, SBILIFE trading in triangle pattern . Today session expected reversal from support level near 1060+ and expected upside target upto 1155+. This target can extend further in case it gives breakout of resistance level near 1155+. After breakout project target will be 1350+ in upcoming few trading session.
