SBI Life Strong Multi-Year Breakout Key Retest in Progress

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✅ The stock has recently broken out above a 7-year-old strong resistance level, which has acted as a major barrier since 2017. Breaking this long-standing resistance indicates a significant bullish development, suggesting further upside potential.

✅ After the breakout, the stock is currently retesting the previous resistance level around 1,690 This retest is crucial; if the stock successfully holds above this level and rebounds, it would confirm the breakout and likely lead to a continuation of the upward trend.

✅ The RSI is currently at 68, approaching the overbought zone. If the RSI moves higher into the 70+ range, it would confirm strong bullish momentum, supporting further gains in the stock. Watch for any bearish divergence signals that could indicate overextension.
Transaction en cours
snapshot

1692 to 1760
Chart PatternsTechnical IndicatorsTrend Analysis

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