|Buy Range||346 – 350|
|Target||380 – 390|
|Duration||12 – 15 Trading Sessions|
|Potential Return^||10 – 12%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|811.2||BUY||796 – 822||892 – 900||770||25 – 30 Trading Sessions||10 – 11%|
# CMP on Sep 03, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 852.
^ The returns are calculated based on CMP#
SBI Life insurance business consists of individual life and group business, pension, gratuity, leave encashment, superannuation, unit-linked insurance products, variable insurance products, health and microinsurance. The company distribute its products through direct sales, SBI branch and individual agent networks, brokers and other corporate agents. The company reported a standalone net operating income of Rs 6655.02 crore for the quarter-ended June 30, 2019, compared to Rs 4754.52 crore reported during the corresponding period of 2018-19.
|Sectoral Index||Financial Services|
TECHNICAL OBSERVATIONS (DAILY)
- The share price of SBI Life Insurance has been in an upward trend since last four months.
- Today’s close is just above the steady support baseline which is moving upwards along with price rise and based on historical price pattern we are expecting price to go up from here.
- Any reactive throwback might be temporary and also indicating an opportunity for a BUY trade as per the levels mentioned in the recommendation box.