Stock of the day : SBI Life Insurance Ltd For Target Rs. 1600 - Religare Broking
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SBI Life Insurance Ltd
* SBILIFE has been in a steady uptrend from last more than 6 months, forming base on base pattern.
* It has rebounded higher finding support around its previous neckline area with formation of bullish candlestick pattern.
* Following price action and buoyancy in the insurance pack suggests price is set to surpass its previous swing high.
* We thus recommend creating fresh longs in the mentioned range.
Buy SBI Life Insurance Ltd CMP 1520.40; Range 1518-1522; SL 1485; Target 1600
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SEBI Registration number is INZ000174330
