SBI LIFE INSURANCE CO LTD Breakout Watch Above ConsolidationSBI LIFE INSURANCE CO LTDNSE:SBILIFEDr_BeanSBI Life has been consolidating in a sideways range between approximately ₹1,770 and ₹1,860 for over 40 days. The price recently tested the upper boundary of this range and closed near the resistance with strong bullish momentum and above-average volume, signaling potential accumulation and a likely breakout attempt. Technical Highlights: Range-bound structure: The stock traded in a narrow horizontal channel for over a month, indicating a base formation. Bullish breakout attempt: Today’s strong green candle with a +2.15% gain is testing the upper resistance zone. Volume confirmation: The breakout move was supported by a significant volume spike, suggesting increased institutional activity. Volatility contraction: The tight price action before this move signals a potential volatility expansion, typically preceding a trend. Potential Price Path: If the price sustains above ₹1,860 with follow-through buying, the next key resistance levels are projected around ₹2,020–₹2,200. ⚠️ Disclaimer: This chart is for educational purposes only. We are sharing a trade setup based on technical signals generated by our private invite-only indicator. This is not financial advice or a recommendation to buy or sell any financial instrument. 📊 The indicator highlights potential buy/sell zones based on a custom strategy developed by our team. In this chart, we are demonstrating how the signal aligned with market structure and trend conditions. 🛑 Regulatory Note: We are an independent development team. Our private indicator and services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.