raj_rishav

SBIN: Conditional Trades for Tomorrow

Long
NSE:SBIN   STATE BK OF INDIA
Buy above 187 for T1: 190; T2: 192: T3:196
Sell below 182 for 180. I don't see SBI falling below 180 under normal circumstance.

Follow ORB strategy on the 15 minute candle; enter on pull-backs.
Comment: I don't like Gap -UP openings. won't enter for long unless trends get stabilised.
short position entry level changed to 184.5 for targets of 182 and 180
Comment: Following the limits of 15min candle: watch for a break above 188.5 for long (close above 188.5 on 5 min chart); and break below 186.5 f or short. The mid-range is available for scalping above and below the VWAP following RSI (<14) / stochastic RSI (8338) under-bought and over-bought regions.
Trade active: Sell triggered at 186.5. T1-184.5; T2: 182
Comment: SL 188
Trade closed: target reached: T1 hit. Didn't have trailing SL.
Will re-enter on retracement