AbhishekHSinghCMT
Long

SBIN-The Reincarnation for 340-A New Life

NSE:SBIN   STATE BK OF INDIA
From Mythologies-
As mentioned in Srimad Bhagavatam
Jada Bharath was reincarnated as a deer because he was too attached to the deer which he adopted when it was still very young.

SBIN was reincarnated at 250-260 zone as mentioned in the video idea - "Ulta Pulta" and achieved its past life target for 340(Inverse Head & Shoulder Target-Explained in the current video)- Isn't this amazing -even stocks behave like living beings.


Trading Strategy

Plan A

Safe Traders -
Plan to Buy Above 320 which we maintain from our status update mention on 16th April 2019.

Risky Traders -
Plan to Buy Above 317.50 or Plan to Buy in 313-313.50 zone if falls below 315 level or Plan to Buy close to 308 levels near Polarity Reversal Zone of 307-308 with strict stops below 306

Plan B
Sell Below 306 for Targets 290-295 zone -If Halts Book & Out.

No Trading Zone
315-317 - This zone is our no trading zone.

Hope, you like the video & Thanks for watching the same.
Trade active: 06:59 Hrs / 18th April 2019

Last Price@315.75

Traders can plan to buy close to 315 in updated Plan C

If the level of 315 holds then Traders can plan to buy as close to 315 as well which has been updated as no trading zone - 315 to 317 & Next buying in 313-313.50 zone only.
Trade active: 09:50 Hrs 18th April 2019

Last Price@310.35

Day Low@308.05

Just Kissed The Polarity Zone Top 308.05 -suggested to buy very close to 308 - If that holds we continue to move up & don't forget to trail your stops -

Hardly losing 0.10 paise in the Futures Trade

Before That SBIN Slipped below 315 to 313 -Holded few seconds & Below 313 -it was suggested to buy close to 308

Keep Trailing your stops now once it moves above 313 highs so that you do not lose even 10 paise also.

Can it be hot trade of the day!
Trade active: 11:20 Hrs 18th April 2019

Last Price@311.10

Do Not Forget to Keep Trailing Your Profits Strategy as it has moved to 311.10" & If falls close to 308- Do not forget to buy again but strictly holding 308 Levels - No buying below 308 levels. Cheers!
Trade active: 13:18 Hrs 18th April 2019

Last Price@309.65

This session low@309.10 - as expected it slipped from 311.10 -last update. It still above 308.05
Trade closed manually: 07:52 Hrs / 20th April 2019

Last Price@310.80

Summary
Buy if 315 holds - Next Buy in 313-313.50 Zone Below 313 - expect Buying close to 308

Bottom- 308.05

Bounced upside to 311 -Expected to book profit & looked for selling below 311

Makes low@309.10 / 309.20 -

Bounced upside to 312.80's from 309.20

Finally closed at 310.80
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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