SBIN
SBIN is showing bullish reversal sign and can achieve 560 level zone easily in coming weeks with buy on deeps strategy (only in new high new low formation) . current resistance for sbin is at 533/532 zone, above that 540 /538 is the next resistance zone,
best entry will be when sbin hits 540/538 res zone and retests previous resitance of 433/532 and makes it a new support, sl should be be 510 as current support zone is at 521/517 from which sbin can carry on the upside trend move.
Comment:
bin hits 548 level, may retest 533 below 538 candle close incase of gapdown or panick sell.
Comment:
sbin in 550 zone, going on track
Comment:
sbi reaches 560 zone,above this we can expect steady uptrent if sustains above 560/553
Trade closed: target reached:
sbi 580+, cheers to those who traded