raghavs1ngh

Breakout in SBIN??

Education
NSE:SBIN   STATE BK OF INDIA
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)
Comment: 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...
Comment: Do let me know if I am doing triangle or something wrong...Constructive criticism appreciated
Comment: 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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