SBILIFE trade ideas
SBIL Life shown Evening star it may get some dipSBIL Life shown Evening star it may get some dip, also its on dynamic resistance
Bullish after BO from Flag pole patternRetest after BO is done and DCB above 910 also done.
Flag pole pattern formed on weekly chart.
CMP: 911
Target: 1186
SL: 801 WCB
SBILIFE Long weekly chartNSE:SBILIFE
Disclaimer: The view is for study purpose only, I am not a SEBI register person please contact your financial advisor before investing.
SBILIFE - Breakout from consolidation zone - Short Term SwingThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Entry can be made between 910-915 range (Pull back) or above the high of breakout candle. Targets are shown in image. SL can be placed either below consolidation zone or below the breakout candle.
Never Run after the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query regarding price action analysis.
To check how stocks move when it breaks out of consolidation zone, one can check my other ideas where i have explained DARVAS BOX Strategy. It is linked below.
SM20 and Volume Profile, Volume candlesThe stock have traded with more volume at eod,
Keep watching may be we can get a gap up
#note this is for my learning to evaluate myself, maybe keep this in your radar, i am doing Papertrade only
SBILIFE SEEN IN BUYSBILIFE SEEN IN BUY. Because channel giving good support
on Trendline breakout. Also channel forming in Uptrend.
Yesterday the stock was open in Gapup.
SBI LIFE INSURANCE DAILY CHARTSBI LIFE INSURANCE waiting for Break out at 882. 1st Target 930, 2nd Target 950 & 3rd Target 1000 within 30 days.
MACD also in positive
Sbi lifeShort as mentioned , ( W frame resistance )
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
SBILIFE - NSE1. Neutral share - Hold
2. Inverted Head & shoulder identified on 1 day chart
3. Volumes are stagnate from past couple of months
4. Overbought share will consolidation and will give a breakout
Long postion on SBILIFE - breaking a triangle One may go Long on SBILIFE as it showing positive breakout from a triangle formation. One may expect a target of 950 in coming weeks.
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
