SBI : Biased towards upside breakout

From the SBI chart you know the direction I expect and its ready for breakout. Why Gap up ?? if you are wondering why, if a gap happens you will miss out the trade which will hit targets & you will be scolding yourself for not taking trade on friday evening.

Anyway, only if you are willing to risk over two days then check with your plan & trade this SBI setup.
Happy Trading !
Comment: Went against Me, Not us :D
Was it a false breakdown?
InsiderB nirav5
@nirav5, The breakout is not valid yet, it just gives chance to re-align our trendlines. Lets see what happens, I don't have any positions right now, still "hoping" for that upside shot ;)
@InsiderB, look like ending diagonal to me.....

bulls keep tight sl
InsiderB Gopal_Dhamija
@Gopal_Dhamija, I can't disagree with you, its about probability so lets see what happens..
@InsiderB, best thing is ..... let's wait n watch
@InsiderB, scrip is moving up... upward momemtum weakning and falling vols.
InsiderB Gopal_Dhamija
@Gopal_Dhamija, True but until market makes the move, we don't know which side its gonna move
@InsiderB, Nifty's momentum has slowed down, Banks a bit faster as they did not correct as much from the last highs as Nifty. Then all the bulls will re-group and boom together !!!! And thereby the Insider News Theory will be proved once again !!! God bless us all !!!!
InsiderB ShanTrader
@ShanTrader, You are right, last two days ranging after the fall just proves that re-grouping but lets see... Happy Weekend !
@InsiderB, >>>>>> Power of waves

on the move!
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