SBI Life - Bullish Engulfing - Long Candidate

26 Mar 2023

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.
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TIA!