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SBI Life Insurance Ltd

BUY 28 JUL 1800 CALL SELL 28 JUL 1900 CALL Entry Range 40 - 44 Target 80 Stop Loss 28

Rationale

1. SBILIFE has delivered a decisive breakout above the falling trendline, indicating that the prolonged corrective phase may be nearing completion. The stock has also reclaimed the 20-DEMA and is gradually approaching the 50-DEMA, while improving RSI and a positive MACD crossover reinforce strengthening bullish momentum.

2. The overall technical structure has turned constructive, with higher lows emerging after the recent pullback, suggesting accumulation at lower levels. A sustained move above the breakout zone could trigger fresh upside towards the immediate resistance zone of 1900.

3. Buy on dips remains the preferred strategy, so that one can consider bull call spread with buying in the 1800 call option with selling in the call option of the immediate hurdle zone, which has aligned with the 1900 strike. On the downside the prices has the immediate support at the 1750-1770 zone.

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SEBI Registration number is INZ00017433