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SBI LIFE INSURANCE CO LTDSBI LIFE INSURANCE CO LTDSBI LIFE INSURANCE CO LTD

SBI LIFE INSURANCE CO LTD

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SBILIFE trade ideas

SBI Life Insurance Co. Ltd. - Technical Analysis UpdateSupport and Resistance Zones: 1.Key Support Zone: ₹1,385-₹1,463 This zone aligns with the Fibonacci 0.236 retracement level and the recent reversal point, making it a strong support. 2.Immediate Resistance Levels: ₹1,555 (Fibonacci 0.382 retracement). ₹1,630 (Fibonacci 0.5 retracement). ₹1,705 (Fibonacci 0.618 retracement), a crucial level to watch. 3.Fibonacci Retracement Levels: The stock has retraced sharply from its high of ₹1,943 and is showing signs of reversal near the 0.236 Fibonacci level. A breakout above ₹1,500 could confirm bullish momentum toward higher Fibonacci levels. 4.Volume Analysis: Volume appears to be increasing near the support zone, indicating buying interest from market participants. The Volume Profile indicates strong accumulation between ₹1,400-₹1,500. 5.Moving Averages: The stock is attempting to reclaim the 20-day EMA as a dynamic support. A crossover above the 50-day EMA could signal further bullish strength. 6.RSI (Relative Strength Index): RSI is recovering from oversold levels, indicating a possible trend reversal. A move above 50 would strengthen the bullish case. 7.Projection: If the stock sustains above ₹1,463, it could aim for ₹1,555 in the short term and ₹1,705 in the medium term. A break below ₹1,385 would invalidate this view and could lead to further downside. Conclusion: SBI Life Insurance is poised for a potential bounce-back. Traders can consider entries near the ₹1,450-₹1,470 range, targeting ₹1,555 and ₹1,705 with appropriate stop losses below ₹1,385.
NSE:SBILIFELong
by AngshumanSaikia
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia
SWING PICK - Go LONGENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level ( intraday tgt) - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:SBILIFELong
by rajeevmmails
SBI Life Insurance Company Ltd view for Intraday 14th Nov #SBILISBI Life Insurance Company Ltd view for Intraday 14th Nov #SBILIFE Resistance 1570. Watching above 1572 for upside movement... Support area 1530. Below 1548 ignoring upside momentum for intraday Support 1530 Watching below 1548 for downside movement... Resistance area 1570 Above 1550-1552 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:SBILIFELong
by vichithra
SBI Life Insurance Company Ltd for Intraday 24th October #SBILIFSBI Life Insurance Company Ltd for Intraday 24th October #SBILIFE Resistance 1730. Watching above 1731 for upside movement... Support area 1700. Below 1700 ignoring upside momentum for intraday Support 1700.Watching below 1699 for downside movement... Resistance area 1730 Above 790 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:SBILIFELong
by vichithra
SBI LIFE S/R for 4/9/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SBILIFE
by zenthosh
Descending Triangle Patter in SBILIFE For Target @1751+On the 1-hour timeframe, SBILIFE has broken out of the resistance level of a descending triangle pattern. This breakout is a significant technical event, suggesting a potential strong upside rally. Following this breakout, the price is expected to move towards the 1751+ level, indicating a bullish trend. To capitalize on this movement, traders can consider entering a long position once the price sustain above the 1700 level. The targets for this position would be in the range of 1735 to 1751+, aligning with the anticipated upward momentum. It is crucial to manage risk by setting a stop loss just below the 1665 level, which will help protect against potential downside if the market reverses.
NSE:SBILIFELong
by TradZoo
2
SBI LIFE INSURANCE S/R for 15/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:SBILIFE
by zenthosh