SBILIFE BULLISH FLAG BREAKOUT TRADE (positional)

14 Jan 2022

SUMMARY:-
-stock has broken out of the bullish flag
-i am recommending buy after a big bullish marabuzo candle on weekly chart
-rsi now safely trading above 60 levels
-one can add now or wait for a drop till 1245 to add
-since its a positional trade can take upto 10-15 weeks
-stop is deep so trade with proper risk management

SBILIFE
BUY@1268-1245
STOP@1190
TARGET@1330-1380-1420

*its a positional trade so holding period is long
*we have an major event coming soon
*may impact the fundamentals
*price action is strong so trade with proper stops

NOTE
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
👇👇👇👇👇👇👇👇👇

17 Jan 2022

Trade aktif

FIRING

1 Feb 2022

Trade aktif

hope all are paying attention to this stock
today one major event will be out