SBILIFE is clearly in uptrend. Now, that this strong pullback from august seems to be coming to an end.
We see converging price at 50% pullback zone of the prior up trend (Marked in black line).
Also, we can see a lot of neutral candles, indicating weakness of the short term selling trend.
So, we can expect a rally in SBILIFE once the price breaks out of the range.
and this rally can go up to 900 / 920 levels
We see converging price at 50% pullback zone of the prior up trend (Marked in black line).
Also, we can see a lot of neutral candles, indicating weakness of the short term selling trend.
So, we can expect a rally in SBILIFE once the price breaks out of the range.
and this rally can go up to 900 / 920 levels