Umang_Sharma

SBIN: Analysis

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