WATCH FOR ATH BREAKOUT IN SBILIFEascending wedge pattern with ATH resistacne. RSI ia around 70 with volume consolidation. at the verge of breakout. position trade with target of around 1080-1090 alog with stoploss od 1000
SBILIFE trade ideas
SBILIFE MONTHLY BEARISH Crab STRONG PRZ , Earlier Pattern given good reaction on Type1 entry i.e REACTION & Hit Both TARGETS
now price is again in PRZ Zone of Pattern Therefore it becomes a TYPE2 Entry which is REVERSAL
Within 3-5 price bars need the confirmation from a BEARISH CANDLE with RSI Below 70
POTENTIAL SELL
SBI LIFE: INSURANCE SECTOR Sl- 952
Strong share from very strong sector. A potential breakout and life time after the breach of yellow line.
So folks feel free to DM or comment.
short term upside ?1)if sustain above 1005 can move upside for short term
2)59.1% deliveries on 08 jun & 42% on 09 jun 2021
BUY SBILIFEREADY FOR HITTING ATH, CASH PLAYERS CAN BUY AND SIT.
BUY SBILIFE WITH SL: 979 TARGET: 1040.
Best Books on Stock Market & Finance📚 Books are always the best way to acquire knowledge even in the presence of latest technologies/e-books/videos.
There are 1000s of books in the market. So I have picked the best ones according to me!
📚 I have sub divided the books to acquire knowledge in any specific field
💲 Finance and Motivation - For knowing more about money and it's fundamentals.
Suitable for - Anyone with the interest to know about money
💲 Technical Analysis - Knowledge about candle sticks and other trading patterns
Suitable for - Anyone with the interest to know the technical analysis done by traders
💲 Fundamental Analysis - Knowledge about the base of a company with it's fundamentals/results
Suitable for - Anyone with the interest to know and analyze fundamentals of companies for investments.
🤔 Pre-requisites - None of the above book require any prior knowledge.
Thank you for viewing book recommendations.
Let me know through the comment section if you have any doubts or feedbacks.
All the best! Happy trading/investing :) 😄
My View ON SBILIFESBI LIFE being ready for breakout above 989-990
looking good for tgt 1000-1005-1015++
SBI Life descendingtriangle patternSBI LIfe shows e descendingtriangle pattern keep on eyes for big momentum in short term
SBI LIFE showing a Descending triangle patternSBILIFE descending triangle pattern wait for its breakdown below 960 .
Tgt is in chart.
SBI Life - Intraday Trade SetupSBI Life CMP - 963.65 *High Probability*
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Sell* at or Below 961 / Stop Loss 969
Target 1 - 957
Target 2 - 952
Target 3 - 948
Disclaimer: This is my view and for educational purpose only.
Sbi life breakout chartSbi Life Daily time frame chart. 1015 is resistance level which last year price rejected. Disclaimer: Technical analysis provided on the chart is my personal view. This chart is for study purpose only and don't take any trade based upon only this.
SBILIFE - LONGExplanation:
1. Stock is in strong up trend in weekly and daily time frame.
2. Stock forms the Ascending Triangle in Daily Time frame.
( Both gives Bullish view on stock).
3. in Hour time frame, stock forms the Ascending channel.
Recommendation:
Buy - when the stock gives the breakout.
#28 SBI Life InsuranceNSE:SBILIFE
Reason Being:
1. Higher High Pattern Formation
2. Rising RSI and Above 60 Level
3. Breakout with Heavy Volume
View Negated Below: 914 in weekly closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
if you liked it please don't forget to follow me
