SBIN - Gets A Crack 289 to 259 - Feeling Better!

Last Update - SBIN - Butterfly in Stomach -Feeling Nervous

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From the Last Update
09:36 Hrs 14th June 2018

Last Price@284.80

As I suggested earlier pattern is not invalidated until 161.8% extension of CD leg which is last PRZ (Potential Reversal Zone) for Butterfly Harmonic Patterns & Weak or Bearish Candle in 285-286 zone is the initial or early clue suggesting that pattern may work.
As precaution do not take sell / short trade if it holds above 285.
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Trading Strategy - What Next?
Plan 1 - Harmonic B- Point @255 can be key support next - if SBIN holds above 255 -we can look for 270-272 & Above 272 on sustained basis for 285-287 -Finally Above 290 for 295-297 as Target
300 - Important resistance level on upside - If you get opportunity to sell close to 300 you may take dip & enjoy but no selling above 300 levels.

Plan 2 - Below 255 on sustained basis should not hold abve 2555 levels in that case we can look for downside target of 238 - 232 levels.

Trade active:

11:55 Hrs 29th June 2018

Last Price@262

Magic of 255 - Let the journey begin! - Happy Weekend.