1.In my last post on sbi , I shared about bottom fishing in this stock. Where I made a green box to be area for would be bottom. But today"s candle confirmed The upper band of white zone sbi selected to be right area of bottom . You can see I circled that in green sbi took support in last week and crossed red channel . Til yesterday two candles above red channel were not providing enough information of true break out . But today candle fulfilled my taken out condition . Therefore, when price switched its sentiment then investor and trader should also switch his /her sentiments with price . stock market is game of sentiments one should know at early level the psychology of trend is being changed. today it confirmed I am sharing same day. 2. For investors this is the right time to invest in this scrip. Traders I made one red dotted line til price do not take this out , no shorts buy on dip is good strategy for this stock . In coming days second target will be achieved. Since sbi took support on upper end of zone so chances to reach green box is negligible ,consider only when red dotted line is taken out. Attaching last post for your consideration. Rest market will decide.
@yvatsji will it cross 220 after its bearish rallies in June ??? Just wanted to have ur expert opinion
Deepen007
⋅
sir amy change in structure?
yvatsji
⋅
@deependramgr, every information is given in terms of conditions follow them strictly. Any change in structure will also be visible on breaking conditions. Stand your own by help of conditions. No spoon feeding please.
rajiv_n
⋅
@yvatsji , i am long on SBI , can you please analyse todays move, was it correction or moving down
yvatsji
⋅
@bwbcpe, follow conditions mentioned in post.
rajiv_n
⋅
Thanks for the analysis, Sir, so second target is white line at 236 or at 226 (at the intersection). Can you please confirm.
rajiv_n
⋅
Is there a third target to hold sbi for long. The analysis is quite detail
yvatsji
⋅
@bwbcpe, That I will share next week depending upon movement of price. If in between it cross it then ask I will analyze again.
rajiv_n
⋅
@yvatsji, Thank you very much for the explanation.
yvatsji
⋅
@bwbcpe, see do not put line with numerical figures it depending upon structure best way usei it to put by watching carefully what candle is covered his much.