Life broke above key resistance of ₹1,950 with rising volumes. RSI 77 suggests strong bullish momentum but near overbought. Price is comfortably above all major EMAs, reflecting sustained strength. Short-term support: ₹1,940–₹1,960; resistance: ₹2,050–₹2,080. Fundamental View: SBI Life continues to deliver industry-leading growth in new business premiums (NBP +20 %), aided by strong bancassurance via SBI branches. Persistency ratio and VNB margins remain healthy (~30 %). The insurer benefits from the ongoing formalisation of the insurance sector and robust ULIP traction. Balance sheet strength and solvency (>2x) remain high. Analyst Rating: Consensus BUY/HOLD, with a Target: ₹2,150 (≈8 % upside) | Stop-loss: ₹1,930. Analysts expect consistent profit compounding driven by brand trust, scale, and steady margin improvement.

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