The script had formed a symmetrical triangle on top of a pole.
The Q1 result on August 6 is likely to initiate a rally.
SBI usually announces results during market hours (around 2 to 2.30 pm).
With most good companies missing estimates with the Q1 result, can we expect SBIN to support the market?
The Q1 result on August 6 is likely to initiate a rally.
SBI usually announces results during market hours (around 2 to 2.30 pm).
With most good companies missing estimates with the Q1 result, can we expect SBIN to support the market?
Trade active:
Beautiful breakout as anticipated. Risky traders can go long now. Good to buy at 425 to 435 levels when it retraces.
Right now staying positive about the Q1 results.
Right now staying positive about the Q1 results.
Trade active:
Sorry guys. As Mr. Ravinder11 pointed out, the SBIN Q1 results are on 4th august.
Expect the same pattern in charts but two days ahead.
I'm expecting a fall in nifty and bank nifty on Monday and Tuesday which will be recovered on Wednesday and Thursday by SBIN results. I'm planning to enter SBIN at 425-435. Be careful with your stop loss as the script is known to dance well (stop loss hunt) on the day of results.
Expect the same pattern in charts but two days ahead.
I'm expecting a fall in nifty and bank nifty on Monday and Tuesday which will be recovered on Wednesday and Thursday by SBIN results. I'm planning to enter SBIN at 425-435. Be careful with your stop loss as the script is known to dance well (stop loss hunt) on the day of results.
Trade closed: target reached:
Pheww! Hope you guys enjoyed this... Breakout, retracement, and the rally exactly as predicted. (In the chart I had drawn for 6th august but later I had changed the update after the correction in result date as pointed out by Mr. Ravinder.