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.

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