Sbi Life-Channel formation
Sbi Life is following a channel pattern-support & Resistance in daily & hourly timeframe.
There are many options-
1. Swing trading - once its come to support line again and forms green candle go for swing with target top of trendline
2.Intraday trading- since it is also following this channel in hourly timeframe,you might go for intraday.
3. Watch out for break out- It has touched its resistance 5 times, we might expect breakout also.
There are many options-
1. Swing trading - once its come to support line again and forms green candle go for swing with target top of trendline
2.Intraday trading- since it is also following this channel in hourly timeframe,you might go for intraday.
3. Watch out for break out- It has touched its resistance 5 times, we might expect breakout also.
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