SBICARD has followed a series of flag patterns and breakout which witnessed spike and then consolidation. Over repeated pattern formation, SBICARD is slowly fading out as height of its move is gradually decreasing.
Using price action analysis, one should always look at its past behavior to shortlist high probable setups. There are stocks which follow fibonnaci repeatedly and using this past behavior information is very useful in placing high RISK to REWARD trades.
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
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