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 connecting 243 & 246- Here we go- It made low@250 & Kissed the which is rising upwards.
The risk is small as compared to the reward which we will get once SBI starts moving upside above rising .
Can we get that last leg please?- Feeling Hungry- Me too.
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
Look, it made a low exactly at previous swing low@245-246 zone
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ