SBI life insurance - at crucial level

昨天

Hello 👋

* Currently stock in selling pressure ; but in higher TF it's in uptrend. ( Trend will be changed below 1490 pivot )

* As per financial aspect stock is in strong hands. ( Promoter + FIIs )
Also profit increased Q - Q & Y - Y

* Have marked support on the chart as price can be reversed with taking support of these zones... 1270 will be make or break level..but it's very far away from CMP.

* Currently in weekly TF & monthly TF price trading in channel & it's making higher highs & higher lows.

* Also have marked resistance zones on chart ... If price hold 1600 level then it can be a trend reversal.

* Currently in daily TF rsi is at oversold territory & making bullish diversion..but in weekly TF rsi just crossed 40 (negative)

It's my view plz DYOA. No buy or sell recommendation 🙏

Please boost my idea if you find it useful 😉

Thank you 😊