SBILIFE
closed last week with bullish engulfing candle. If the price starts to travel and close above 1127, I would look for positional target of 1168 with small resistances in between placed at 1133, 1145. SL can be low of Fridays candle 1088 Is it a co-incidence that both HDFCLife and SBILife made bullish engulfing candles last week? May be some of the insurance sector stocks can show an up-move.
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
- If you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!