Clearly on all TFs SBI card stock is on bullish mode. Stock is making the higher highs & trading the level with 20 EMA. A small pull back has been seen on the charts. Stock is in triangle pattern & after the BO we can see very good movement in the stock. Long entry can be taken above the level of 814 for the next target price of 835. if stock able to cross the level of 840 successfully if can see the level of 850 with life time high. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Trade active
Trade closed: target reached:
Look how stock move as per our expected level & touched the of 850 as per the idea shared on 9-Sep-2020.