SBIN long on hold of support on 30m chart

SBIN long entry above 620

target 1: 428
target 2: 432
sl: 416

Sbin is on channel line support, we expect this to hold, as we have seen pin bar at our support.

We can take entry now at 623, or wait for a small pullback till 620.

Maintain strict sl, any break of this channel line will be a sharp fall in sbin.

Comment:

Sbin made a high of 426.95

Comment:

Sbin made a high of 427.75

Trade closed: target reached:

Our target 1 428 is achieved.

Comment:

Sbin made a high of 428.9

Trade closed: target reached:

Our target 2 432 is achieved.

Comment:

As our both targets are achieved we will look for upward move after we see a pullback for upside move.

The next plan is to wait for SBIN to retrace and then long.

Till then we have achieved our targets.