AbhishekHSinghCMT
Long

SBIN-Straight Drive –This time its not Yuvraj-295 to 276

NSE:SBIN   STATE BK OF INDIA
520 views
9
520 25
07:10 Hrs 28th June2017

Last Price@280

Edgbaston, Yuvraj & Hasan Ali- did I miss something. Oh, it’s a straight drive from the Yuvraj Singh’s bat down the ground in one of his 8(eight) fours of a near yorker from paceman Hasan Ali- what a way to start champions trophy 2017.
17 years – 2017, playing his 272 ODI in Edgbaston, followers of Yuvraj expecting to get more similar shots like these in future.
Straight drives shows the class of the batsman- because they cover distance in shortest possible time.

What Next?

Look for prices to hold 276-278 zone - if remains in this zone & starts moving above 280 then likely you get intraday moves for 285-289 Zone where next resistance comes at 289-290 zone. Overall it looks selling on the bounce so wait for the bounce.

Poked below 279 & made low@276-277 for the day but it was classic head & shoulder pattern where trading opportunities were

1st Trading Opportunity at 285 - Buying
Completing right shoulder in the range 295-300 - exactly done as expected from 285 -went to 295-296- long positions were done & out.

Previous Update - Key Zone 295-300 mentioned in the update



2nd Trading Opportunity - Selling from 295-300 Zone
This was amazing trade –SBIN got resistance between 295-300 - Made High @295.90 - Look the fall -here we go for 280 -straight drive- one of the best shots in cricket book/trading book.

Have a nice trading session.
Trade closed: target reached: 08:08 Hrs 18th July2017

Last Price@293

Above 280 we got the move for 285-289 Target as suggested.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Love for cricket bleeds in your charts, but in harmony.
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Would you call it a straight drive or Dilscoop ( reverese six ) or even paddle sweep for four.. That long on the top chart is old one right?
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kaha gayab ho kafi din se nifty and bank nifty per no view?
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@sandy, Too busy in official work.
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sandy AbhishekHSinghCMT
@AbhishekHSinghCMT, which company u are associated with?
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@sandy, Working for a global charting company.
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sandy AbhishekHSinghCMT
@AbhishekHSinghCMT, ok great sir
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@sandy, You won't ask name of the company. I thought you will be keen to know the name.
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sandy AbhishekHSinghCMT
@AbhishekHSinghCMT, do u have any study mat on ichimoku time cycle
study?
Reply
@sandy, Sadly, I don't have ichimoku time cycle study material.
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