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Trading-With-A
Jun 14, 2021 6:09 AM

SBIN long on hold of support on 30m chart Long

NSE:SBIN30
STATE BK OF INDIANSE

Description

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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

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Sbin made a high of 426.95

Comment

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Sbin made a high of 427.75

Trade closed: target reached

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Our target 1 428 is achieved.

Comment

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Sbin made a high of 428.9

Trade closed: target reached

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Our target 2 432 is achieved.

Comment

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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.
Support and ResistancesbinsbinlongsbinanalysissbilongsbianalysisSBI
Comments
ss7fkyj95vc
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I wish it was really 624🥺🥺
pjjbhutoria
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Sir , why we are talking of ,623 here . It's only at 428
Trading-With-A
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@pjjbhutoria, correction, its was current market price there 423 at 11:30 am.
TradingWithA
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What a really nice trade.
entry at 422 and target at 432.
Trading-With-A
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Our target 1 428 is achieved.

Lets see, if momentum takes us towards 432,or we will take a pullback before going up again.
Trading-With-A
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@Trading-With-A, 432,its the momentum.
TradingWithA
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Nice trade, 628 is todays high at opening candle. Sbin opened at 627.
This is good location for first targets.
Trading-With-A
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Sbin fast move above 624.5
Trading-With-A
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@Trading-With-A, it broke 624.5, watch the move
Trading-With-A
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@Trading-With-A, it took Sbin to 627 in a flash.
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