BOUGHT SBI LIFE @ 1290 (ON 01/08/2022), TODAY FALLS 2.14%.
WAIT TILL IT TRIGGER SL OR TARGET
-5% SL.
I didnt recommend anyone to took trade in this now, wait if break resistance
Sbilife made flag pattern on hourly/daily charts & comfortably trading above breakout level with ddecent volumes.
Could be bought with mentioned stoploss & targets
SBILIFE is facing resistance at 1186 level.
one can short SBILIFE.
RSI is also going downside.
MACD is upto give negative crossover.
target - 1107
stoploss - 1184
target and stoploss is decided on the basis of FIB Retracement.
SBILIFE NSE is bullish if 1270 holds. New Lifetime High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
SBILIFE Breakout in the daily timeframe. but it should consolidate in a smaller timeframe. That's why I have drawn two imaginary expected paths of SBILIFE.
Buying area is 1148 to 50. SL 15 points. Target-1164,1170
or you can buy above 1162 for the target of 1172. In this case, the target is very small but the target can be achieved very fast.
The stock has created a good base at the level range of 1016 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 1293levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your...
