SBIN - Deep Crab PRZ 300-320 -Be careful - 285- 280 & More

May 14, 2017

Potential Reversal Zone for The deep crab pattern comes in the zone 300-320. SBI has already kissed the zone at recent high@305 which is PRZ- So, be careful.
If this PRZ zone holds resistance to SBI moves next then we can expect 280-285 downside & below 280 can be deep downside.

Previous Update - Harmonic & Waves Kissed 280 Target -Irregular Flat.

May 16, 2017

Trade active

13:50 Hrs 16th MAy2017

Last Price@305

Most of the Banking Stocks are moving upside so we will wait & sell once we get confirmation from markets.

May 21, 2017

Trade active

19:05 Hrs 21st May2017

Last Price@308

We will sell below 304 lows or once SBI moves in the range 312-315 -previous tops & starts falling below 310 on a sustained basis for a short target- which we need to inspect once it starts falling below 304 as well.

May 22, 2017

Trade closed manually

10:41 Hrs 22nd May2017

Last Price@299

Going below 304 - short target achieved -Closing the post