AbhishekHSinghCMT

SBI- Bang on-Can we get the last leg please-Feeling Hungry@250?

Long
NSE:SBIN   STATE BK OF INDIA
254 views
4
Day's Low- 250.55

It's amazing when an analysis unfolds as one thinks. Likely as I thought SBI to fall below top@265 & should take support of the trendline connecting 243 & 246- Here we go- It made low@250 & Kissed the trendline which is rising upwards.

The risk is small as compared to the reward which we will get once SBI starts moving upside above rising trendline.

Can we get that last leg please?- Feeling Hungry- Me too.


Trade active: 12:19 Hrs 3rd Nov2016

Trading@249

Session Low@248

Key Support - 245

With Strict Stop loss below 245 - we will look for the upside- having risk of 4 points & gain of 15 points till 265 & above 265 -shall be a bonus. Going below 245 -pattern might not work, but SBI might rally for that last leg upside as expected
Trade active: 13:40 Hrs 3rd Nov2016

Trading@247

Look, it made a low exactly at previous swing low@245-246 zone


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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