State Bank of India channel trade potential
Updated
SBIN
CMP 300.85
The stock has been trading in a channel for quite some time now..
Potential trade opportunity
Channel trade potential
Sell at cmp
Target 295/ 288
SL If closing above 303
Break out trade potential on close above 303
Target 310/318
SL 296.5
Take care and safe trading...!!!
CMP 300.85
The stock has been trading in a channel for quite some time now..
Potential trade opportunity
Channel trade potential
Sell at cmp
Target 295/ 288
SL If closing above 303
Break out trade potential on close above 303
Target 310/318
SL 296.5
Take care and safe trading...!!!
Trade closed manually
SBIN CMP 296
Channel trade has given us more than 1.6% intraday in SBI with mimimal risk. Consider booking profits as per risk appetite.
Happy trading...!!!
Note
Watch out... Breaking 50 hour EMA @ 295.30... May fall further
Note
Below 50 hr EMA SBIN Moves swiftly to 293.35
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