State Bank Of India | Bearish View
Updated
Spotted Head and shoulder pattern on SBIN.
Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break,
Even on Hoursly Time Frame it is bearish.
LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock.
Also if you notice too much conjestion now, near the right shoulder
On a 4 hour chart and hour chart, there is high volume towards selling so beaware of this stock no movement for sometime in this stock
Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break,
Even on Hoursly Time Frame it is bearish.
LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock.
Also if you notice too much conjestion now, near the right shoulder
On a 4 hour chart and hour chart, there is high volume towards selling so beaware of this stock no movement for sometime in this stock
Order cancelled
No Such trading opportunity is found , Thus opportunity is cancelled. However On hourly chart and 4 hour chart it is still up. so good buy still from long point of view
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