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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 may need life support.SBI Life may need life support. 4.10.2023 SBI Life (Spot) (Daily chart): 1270 After hitting a low around 1080 in March 2023 this stock rallied to hit a top at 1390 in September 2023. On 19th September 2023 an evening star pattern was seen on the chart and since then this stock has been falling. A straight fall for trading sessions from 18th September (1390) to 26th September (1285) is clearly seen on the chart, post that the stock consolidated for 4 trading sessions in a small range (1285 to 1320). The above fall and consolidation have formed a flag pattern on the chart. A breakdown is seen below the consolidation range 4.10.2023 marking a flag pattern breakdown. The target for flag pattern will be 1180 At the Same time we can also see a larger M-pattern forming on the charts. A break below 1250 will trigger the M-Pattern breakdown for the target of 1140. The Blue trendline which this stock was respecting for over 6 months is also broken. Taking in consideration all the above observations this stock seems to be headed south. Strategy 1 (Only for knowledge purpose): Sell This stock on rise to 1280 keep stoploss above 1320 for target of 1180 and 1140. OR Strategy (Only for knowledge purpose): Sell this stock on close below 1250 with stoploss at 1290 and target at 1130. Second strategy will have higher probability compared to the 1st strategy. Analyst: Abhay Bhatia
NSE:SBILIFEShort
by adbinvestment
SBI Life Insurance Company Ltd Observed Breakout - Targets given in chart Stoploss - 1270 Market Cap ₹ 1,35,722 Cr. Current Price ₹ 1,356 Stock P/E 73.8 Book Value ₹ 10.0 Dividend Yield 0.19 % ROCE 15.5 % ROE 14.0 % Face Value ₹ 10.0 Promoter holding 55.4 % EPS last year ₹ 17.2 EPS latest quarter ₹ 3.81 Debt ₹ 0.00 Cr. Pledged percentage 0.00 % Net CF ₹ -1,962 Cr. Price to Cash Flow 4.74 Free Cash Flow ₹ 28,593 Cr. Debt to equity OPM last year 0.18 % OPM 5Year 1.37 % Reserves ₹ 0.00 Cr. Price to book value 136 Int Coverage PEG Ratio 8.81 Price to Sales 1.31 Market Cap to Sales 1.31
NSE:SBILIFELong
by madhu2811
SBILIFE : A sell-off is of high probabilityFundamentally there is not much reason for the sector to grow in the near future. The overall valuation of the stock is high. Market share of the stock decreased from 14.5% to 6.69% over the last 5 years. The stock don't have any moat since it is in a very competitive sector with stock competitors like LIC, BAJAJ Finserve, HDFC LIFE etc. FIIs have large holding and if they start booking profits at these levels then that will lead to a steep crash.
NSE:SBILIFEShort
by Sniper-Traders
SBILIFEwe are looking SBILIFE Bullish move rapidly Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:SBILIFE
by Kaviarasu_Chandrasekar