Break above the marked levels could take the stock to the target marked
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions...
SBI LIFE
Good Cup and Handle Pattern on Daily TF
Waiting for Good Breakout with candlestick strenght and Volume.
#MyView: looking good and can give a good breakout and good move after break
NSE:SBILIFE
Cup and Handle breakout with on Daily timeframe.
Neckline at 1162.
Go long above 1165.
Intraday targets 1170 - 1173 - 1176.
Swing target 1199 - 1232 - 1260.
Stoploss below 1155
Hello Traders,
Today we will talk about SBI Life.
We are seeing cup and handle patterns in SBI Life in 4h time frame.
And cross the level of 1159 in that then you have to buy and your stop loss will be 1113 .
Traget ( 1160 -1168-1180 ).
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
Stock forming Classic W Pattern Formation on Medium term Time frame.
Confirmation of patterm above 1165 could propel the Prices higher by the Bulls.
Failure of Pattern could lead to Choppy Random moves with downwrd Bias
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
SBILIFE currently in formation of W pattern on weekly timeframe , if it breaks trend line could open huge targets
Note: This is only for educational purpose
Breakout/Resistance zone between 1139 - 1161
Above that zone bullish
Below 1086 bearish
Targets are mentioned on chart
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
Looks good for a bounce , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their...
Hi,
SBI Life is trading in a Upward channel and above todays high it can go upto recent highs around 1280 in coming days.
As of now its a good buy above todays high of 1149 with a SL of 1117 and target of around 1270 - 1290 is a strong resistance.
Daily Macd is again giving a buy and Weekly Macd is also giving a buy.
RSI is nicely placed above 50 and is showing...
📈 SBI Life 📉
My Findings :-
1. Breakout from resistance zone which was support also earlier.
2. Strong Candle at breakout.
3. Close Above March 2022 High.
Bias- Long
Target- 1205, 1234 and 1288
SL- 1099
RR- 1: 2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more...
