STATE BANK OF INDIA
Education
Updated

Breakout in SBIN??

54
Bearish.
started using symm triangle recently...
Will wait for days to look which direction is taken by the stock(should be accompanied with high volume during breakout)
Note
Last candle, as of now, shows bearish sentiment as bulls tried to take the stock up but got rejected.
If the next day, a red candle is formed below the open of today, more probable that the stock will go down.
Let's see...
Note
Do let me know if I am doing triangle or something wrong...Constructive criticism appreciated
Note
If stock breaks out upwards, it should be accompanied with high volumes.
May face resistance at 291(R1 floor pivot)

If it reverses, it may go upto 250(Standard floor pivot S1 @ 251)
Let's see..

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