SBI life insurance - at crucial level
Hello 👋
* Currently stock in selling pressure ; but in higher TF it's in uptrend. ( Trend will be changed below 1490 pivot )
* As per financial aspect stock is in strong hands. ( Promoter + FIIs )
Also profit increased Q - Q & Y - Y
* Have marked support on the chart as price can be reversed with taking support of these zones... 1270 will be make or break level..but it's very far away from CMP.
* Currently in weekly TF & monthly TF price trading in channel & it's making higher highs & higher lows.
* Also have marked resistance zones on chart ... If price hold 1600 level then it can be a trend reversal.
* Currently in daily TF rsi is at oversold territory & making bullish diversion..but in weekly TF rsi just crossed 40 (negative)
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you 😊
* Currently stock in selling pressure ; but in higher TF it's in uptrend. ( Trend will be changed below 1490 pivot )
* As per financial aspect stock is in strong hands. ( Promoter + FIIs )
Also profit increased Q - Q & Y - Y
* Have marked support on the chart as price can be reversed with taking support of these zones... 1270 will be make or break level..but it's very far away from CMP.
* Currently in weekly TF & monthly TF price trading in channel & it's making higher highs & higher lows.
* Also have marked resistance zones on chart ... If price hold 1600 level then it can be a trend reversal.
* Currently in daily TF rsi is at oversold territory & making bullish diversion..but in weekly TF rsi just crossed 40 (negative)
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you 😊
Penafian
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