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Stock of the day : Buy SBI Life Insurance Ltd For Target Rs.1425 - Religare Broking
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SBI Life Insurance Ltd
* SBILIFE has been inching gradually higher and trading in a rising channel for the last more than one and half year.
* It has rebound higher from its short term moving average .i.e. 10 EMA on the weekly chart.
* Registered a breakout from small base with noticeable volumes and looks set to test upper end of the channel.
* We thus advise creating fresh longs in the mentioned zone.
Buy SBI Life Insurance Ltd CMP 1343.60; Range 1340-1345; SL 1305; Target 1425
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