Buy SBI Life Insurance For Target Rs. 1400- Monarch Networth
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Stock had made bottom on 8 th March and since then it has making higher bottom formation on the daily chart. It has given a breakout from the resistance zone with strong volume support on 18 th April. It has also come out from the cloud resistance and Momentum indicator Stochastics is showing strength.
Recommendation is to Buy in the range of 1140-1180 keeping Stop loss at 990 level and Target at 1300-
1400 levels.
Daily Chart:
Buy : SBI Life Insurance : CMP: 1175 SL: 990 TARGET :- 1400 TIME FRAME: 2-3 MONTHS
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