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Amit_Ghosh
Aug 9, 2018 3:27 PM

SBIN - Harmonic Trade [Buddha Setup] Short

STATE BK OF INDIANSE

Description

SBIN has reached PRZ almost. It's sitting on the first line of PRZ. Follow the rules as per the chart. Trade triggers only if

1. If it touches the upper line.
2. If it touches the second line from the top.

Comment

4.40 pt done. Close it till results come. We shall take again.

Comment

Tanking.

Comment

Results came. Don't short yet.

Comment

Don't re-enter!

Trade active

Shorted at 322 (fut prices) with stop loss at 325

Comment

Alternatively short SBIN 340 CE at 4.75

Comment

Close the futures at 315.8. Now wait for management interaction. Don't carry.

Comment

Its falling but I can not afford to FOMO. Will take after management interaction only.

Trade closed: target reached

Comment

Its been a decade but still PRZ's PRZ
Comments
Dinesh_Kryptonian
whats the ratio of CD leg
Amit_Ghosh
@Dinesh12323545, Skip the animal. Its irrelevant. Price action matters. Ratio is in the chart.
Arvind_Srinivasan
i too shorted the stock but gained only one point as risk aversion...
shiyadj
It was an excellent one. booked good profit..thank you bro!
yogi_sharma_elliottician
bro look at my idea of the same. What did I miss? Because my selling side was at 311 levels
Amit_Ghosh
@Yogi_sharma, You missed that today it has results lol.
yogi_sharma_elliottician
@Amit_Ghosh, sam hamri galti hai!
Dinesh_Kryptonian
SBI Q1 preview: Loss expected on high provisions, but NPAs may decline

your view on above news
Amit_Ghosh
@Dinesh12323545, You know bro that guy who wrote the preview writes the preview because he is not a trader lol. Wait for the results.
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