SBILIFE trade ideas
SBILIFE: A Promising Short-Term Trading OpportunityHello traders,
Today, let's set our sights on SBILIFE , a stock that's been on a consistent upward journey. Here's what you need to know:
Rising Trend: SBILIFE has been steadily moving in an upward direction, making it a compelling pick for traders.
Growth Potential: There's room for this stock to surge further, especially if it approaches near 1320 level.
Option Strategies: If you're an option buyer, consider 1350 or 1300 CE options. These could be strategic choices to explore.
Key Takeaway: It's important to note that this isn't an investment opportunity, but rather a trading prospect. If short-term moves align with your strategy, SBILIFE could be worth a closer look.
Your Strategy: Are you considering SBILIFE for your trading portfolio? Share your insights and thoughts with us.
Stay Updated: Keep following for more trading insights and opportunities.
Best regards,
Alpha Trading Station
Cup with handle BO in $NSE:SBILIFE NSE:SBILIFE
Pattern details:
Sideways trend before forming Cup with handle pattern
Cup with ~20% correction and length of cup 26 bars
Handle length is 9 weeks and ~6% correction.
Volume needed to increase the success probability
PAT for the quarter ended 30 June 2023 at 381 cr, 45% growth Y-o-Y
NSE:LEMONTREE 's and NSE:TATAPOWER 's patterns are still in progress
Disc - invested, for educational purposes only
#sbilife to buy in bat harmonicsSbilife is making harmonics bat pattern
The pattern will be confirmed only after touching 1304
If the prices breaks 1325 , pattern will be failed and cannot make any position
Have to wait and check for the confirmation
If its makes perfect
The entry will be @ 1304
Sl @ 1297
Target @ 1315
# educational purposes only
SBI LIFE1.On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
2. Strong Bullish Candlestick Form on this timeframe.
3.It can give movement up to the Breakout target of 1355+.
4.you may hold this stock by placing a stop loss below 1295-.
5. Rsi is above 60
Head & Shoulder pattern breakout in SBILIFESBI LIFE INSURANCE COMPANY LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1355+.
✅Can Go Long in this stock by placing a stop loss below 1295-.
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
SBILIFE Shooting star on chart top after a long uptrend
Today Confirmation done for short trade
MACD indicate weakness in stock.
Disclaimer This is my personal view for education purpose only
sbi life insurance 1w time frame buy @ 1373 target @1416, 1424sbi life insurance 1w time frame
buy @ 1373 target @1416, 1424, 1430.90
risk reward 1:2
its just a view trade @ your own risk
sl@1345
showing inverse head and shoulder pattern in SBILIFE1360 ABOVE SUSTAIN THEN I AM EXPECTING AN UPMOVE IN SBILIFE...
Short term view... showing inverse head and shoulder pattern...
Charts for Educational purposes only.
Strictly follow Risk Reward and Stop Loss if you consider the level
Thanks,
V Trade Point
Strong BreakoutPrice finally break the well defined resistance level after multiple test .. Swing low act as a exit point .
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
My view on SBILIFESBILIFE
forming flag pattern
Above 1306-1310
Looking tgt 1335-1340.
If Cross 1340 it should be rocket as forming inverse Head & Shoulder pattern.
We are keeping on radar SBILIFE 1310 CE.
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.
SBI Life close to breakout.SBI Life weekly chart. Has hit the 1330 resistance for the 3rd time in the past year. Are we going to see a breakout?
❤ & follow for more.
SBILIFE short position On the chart we can see a rising wedge. Our strategy is entering the short once the price breaks below the downsloping support line with a volume increase
Approx. target is shown on the chart.
Make a note that the target may change as it depends when and where the breakout occurs.
To avoid trading the fakeout, looks for a volume surge
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.
#SBILIFE... Looking good 16.05.23#sbilife.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
SBILIFE--Resistance becomes Support??------->> the stock is trending upwards
-------->> Broken the trendline and no retest is observed.
--------->> If the previous resistance acts as support we will observe a bullish again to the trendline.
Previous resistance zone @1150 look here for buy side.
{SBI LIFE}:{Expecting Hike 17%, Explained as per Wave Theory}
Price has completed Wave 1 and 2 and as per the Fibo Extension Wave 3 is atleast till the Golden Level of 1.618 which is Rs. 1394.75
This is a Monthly chart.
ENJOY THE RIDE ! ! !
SBI LIFE...BuyGave a head and shoulders breakout...buy here...RRR ration is very good.Tgt claculated and mentioned on charts
