SBIN In last post I mentioned is quoting " those who want to enter long they should consider red dotted line as sl and get get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but price did not even come closer to red dotted line. Today it breached green dotted line but not taken out. Now scenario is little different Those who are long can be long till pink sloid line is taken out on 30 min timeframe. And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted both are taken out on 30 min timeframe. Those who are not aware of taken out condition they can see attachment where I discussed in detail.
HDFC BANK In last post I mentioned is quoting " now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs tome frame.only then reverse sentiments will apply."
You can see I was taking of week structure of hdfc as compare to Icici bank because of an pattern and told you the condition for discontinue the effect seeing to down side for last couple of days by fulfilling the condition of blue line. But two days trading after my post the effect of an is neutralize by the harami which I circled in white. And today candle activated it for long side. Now long can be initiated with the sl of red dotted down side line slightly below it. Because blue upper line condition I mentioned in last post is not fulfilled. So I suggested this sort of sl with the target of red channel upper band. Rest market will decide.
Note. To better understand compare with my previous post of these scrip. All trading positions should be initiated by consulting your financial planner.