AbhishekHSinghCMT
Long

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

NSE:SBIN   STATE BK OF INDIA
230 1 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
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Abhishek, expecting some bounce back tomorrow in SBI? Its just 0.55 points up then our SL?
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