Stock of the day : SBI Life Insurance Ltd For Target Rs. 1590 - Religare Broking
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SBI Life Insurance Ltd
* SBILIFE has been in a steady uptrend from last more than 10 months and currently trading at record high levels.
* It has given a fresh breakout from the basing pattern with strong volumes.
* Following price pattern and Bullish positioning of the momentum indicator suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
Buy SBI Life Insurance Ltd CMP 1508.45; Range 1505-1510; SL 1465; Target 1590
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SEBI Registration number is INZ000174330
