SBILIFENSE:SBILIFE
IT HAS PERFECTLY TAKEN SUPPORT AT 850 LEVELS, IF SUSTAINS THEN 860, 868 AND 875 TO COME
OTHERWISE 845, 841, 838, 835 & 828
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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SBILIFE trade ideas
SBILIFE WEEKLY|Great stock for long-term investmentSBILIFE stocks have recovered naturally during the first half of the year in midst of the pandemic.
In the midst of these uncertain conditions, everyone is likely to turn towards having security plans for child education and family protection .
SBI being the largest bank of India, will be a preferred option for investment and insurance plans by many.
Great stock for position holding . Go Long.
Coming few weeks expected to have a surge with a little correction post that.
SBILIFE trend ????Time Frame : 1-2 Months
Analysis:
The Stock is in uptrend With supports at 727 Levels.
Traders can book profit at the levels mentioned in the chart.
Short term Investors can book at 850 & 900 levels..
View Nagates below 705 on closing basis.
Option Strategy:
800 CE looks very lucrative (Option Traders)
Disclaimer:
Just my view based on Price Action and some technical setup.
This is purely for educational purpose.