I am just posting my view out form technical views , one have to take logical steps when market reaches at indecision levels
Expect the unexpected form Market , No text book is written for expecting the unexpected , So Keep thinking what will happen and keep trading
Whatever happens
Cheers
SBIN Intraday Levels plotted in Side PAN.
Future Setup in BOX arena.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
For Short term levels watch "SBI: Deep correction is nearer to an END" Early Post
Price action is forming a rectangle bottom. Its similar to rounding bottom except the shape is rectangle(New pattern found by me). See the high volume in two years. It shows buyers/investors are getting in. Strategy here is buy in dips. For the targets 250 and 350. Duration is 2 to 3 years. Always consult your financial manager before investing.
Scrip had retraced from upper resistance line once and if retraced again forming double top pattern, can aim for Short towards price levels as mentioned in charts (Do see momentum in 5min, 15 min, 30mins before entering in intra-day)
Breakout from resistance line and trendline with higher volume surge and consolidation in "Overbought* situation like seen ...
NSE:MARUTI is ready to give some correction
Maruti shows declining MACD, which is ready to give a crossover
CMP - 8068
Sell maruti with target off 7900 / 7750 / 7500
SL - 8200
Bank Nifty' if trading above 24440 will have strong resistance around 24561
and weekly support at 23813.
Below 24296 today’s Supports are 24250_ 24177_24104 & 24058
Weekly above 24522 BN Resist: will be 25617_25771_24924 & 25019
Weekly below 24215 BN Supports will be 24120_23967_23813 & 23719
Monthly above 24780 BN Resistances will be 24990_25340 & ...
