shiv2798
Long

Possible short day buy set up

NSE:SBIN   STATE BK OF INDIA
135 views
5
135 8
I am looking the stock have a short term up but deep correction before it moves out form this Zone , which i am expecting they will do in next week , here i have three possible set up for corrective move or short term trend trading set ups which will give few points before moving to long % impulsive move
01) The stock can brake descending TL enter for shot pull back and move to 296 then turn for correction.
02) The stock can move down near 286 and take support then move to 296 before turn down for correction
03) The stock can brake 286 and take deep correction and side ways then can possibly go for Long term impulsive move for % Gain which i think is very important to consider for larger gain , if stock moves entirely different form the current projections then one can expect the longer period of side ways before any Good move
Regards
Trade active
Comment: Turning according to Explained in chart
Comment: Price is moving exactly the way it is expected
Trade closed: target reached: Target done 296
Regards
What now it broke the resistance
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shiv2798 stalinsampras
@stalinsampras, Not a big deal , do your math
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@shiv2798, I mean do you except it to go up or it would be a false breakout and come down

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shiv2798 stalinsampras
@stalinsampras, Let me see if it makes higher high and brakes the Previous High in order to confirm it will likely go further , but what ever they ( institutional) do they will give a pull back in , if i see its going up OK , i will wait for pull back and jump on it
That is all sir
Regards
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shiv2798 stalinsampras
@stalinsampras, See i shorted at 299 and booked 296
now i will wait the next move to take place
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@shiv2798, That's a good trade! Next move in the sense do you think your original idea is still in action
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shiv2798 stalinsampras
@stalinsampras, May be , May not be , its depends on today close and tomorrow Open
Regards
Reply
@shiv2798, Appreciate you taking time to reply
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