SBI LIFE INSURANCE CO LTD
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SBI LIFE INSURANCE: Potential for Good Returns in coming Days

Trade Details:

Buy Above 1445
Tp1 - 1565
Tp2 - 1670
Tp3 - 1800
Tp4 - 1920
SL - Below 1400 (Only to get started)

Rationale :

Multi Timeframe Analysis Shows:

1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle

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2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support

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3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles.
Consolidation Zone - Trending move expected outside this Zone

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