SBI Life is at support

SBI life can drop upto the last resistance line.
The insurance sector has taken a hit today due to budget. The tax rates are revised.

Never the less, we know insurance is a growing sector and every year percentage of insurance issued are increasing and people are becoming more aware.
All the costs will go up and eventually one can only afford it via insurance. E.g. Developed country the cost of opearation is so high that one cannot afford it without a insurance.

Long term this is a good opportunity to collect the stock.

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