Synopsis
The stock price of this life insurance company is moving inside a rising channel for the past month. It has not faced resistance from the upper trendline of the channel. At the point of resistance, the candlestick pattern formed is a bearish engulfing which suggests that the short-term top is in place and a correction can be expected in price.
Expert: Jyoti BudhiaIt is engaged in the business of life insurance and annuity. It was started as a Joint-venture between a public sector bank and a French insurance company. The company offers various products across individual and group categories. Individual policies accounted for 61% of NBP and group policies for the rest ~39% of NBP in FY21. 100754821SBI Life Insurance Company LtdThe RSI has slid below its 70 level, which suggests that the
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
‘;
});
}
if(listing) {
var h3 = “You tried reading ” + listArr.length + ” locked stories in the past ” + threshold + ” days.”, h4 = “Become an ET Prime member and don’t miss out on these exclusive stories.”;
var html =
‘
‘ + h3 + ‘
‘ + h4 + ‘
‘;
$(‘#paidSCWidget’).html(html);
var callback = $(‘#paidSCWidget’).attr(‘data-callback’);
if(callback && window[callback]) {
window[callback]();
}
customDimension.dimension72 += ‘ | Shown SYFT no Trial_With Missed Paywalled Articles Collection’;
} else {
_processNormal()
}
}
});
} else {
_processNormal();
}
} catch (e) {
_processNormal();
}
}, function () {
_processNormal();
});
//console.log(‘storyCollectionLoad’, $);
}
Why ?
-
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community
-
Exclusive invites to Virtual Events with Industry Leaders
-
A trusted team of Journalists & Analysts who can best filter signal from noise
-
Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-