SBI Life Short to Long Term View

SBI Life is on the verge of the breakout of the falling channel. It has a long term up trend and the breakout of this falling channel is the indication of continuation of the uptrend. Recently it has taken support at 822 on the short term rising channel support line. MACD is showing the bullish crossover and moving above the center line, indicates the starting of the new uptrend. +DMI & -DMI has a bullish crossover and Adx is moving upside this indicates the strength in the uptrend. It will start gaining strength above 862 and can move to 960.