AbhishekHSinghCMT
Short

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

NSE:SBIN   STATE BK OF INDIA
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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
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
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
Trade closed manually: 10:41 Hrs 22nd May2017

Last Price@299

Going below 304 - short target achieved -Closing the post

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
perfect analysis,working superb
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I really wish to congratulate you for the excellent analysis. I followed this trade and made good money. Thank you once again for your hard work .
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@DINESH1961, Welcome
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Ultimate analysis
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@piptamil, Welcome
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Sir this forecast on SBI's move has been excellent. After all papers saying excellent results declared by SBI, I would have expected it to move up. Though I couldnt tyrade today but your forecast has played out very well . Thanks for the good guidance.
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@guide733, Welcome
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Below 304
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@uttamtrader15, See below 304.
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i think sbi good short below todays low?
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