SBIN: Analysis
Updated
Sellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up.
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Reason to buy:
1) Trend Line breakout
2) Buying pressure from bottom
.
Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00.
.
RR ratio should be calculated and accordingly trade should be taken.
.
Reason to buy:
1) Trend Line breakout
2) Buying pressure from bottom
.
Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00.
.
RR ratio should be calculated and accordingly trade should be taken.
Trade active
Stop loss is intact, if it hits it hits. Risk is calculatedTrade closed: stop reached
Stop hit trade closed.
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