AbhishekHSinghCMT

SBIN / Auropharma - Trading with me 21st / 22nd May 2018

NSE:SBIN   STATE BK OF INDIA
Exciting week to start as I shall be heading for Traders Carnival 2018. As suggested in status update - I shall be available in markets 21st / 22nd May 2018 - Hope you enjoyed the exciting sessions in last 2 days. Some Beautiful Images of SBIN from the live trading session.

What Next ?
SBIN has important supply levels at 259 & 265 - Holding that it could be a problem for state bank in next few sessions -going below 250 & holding below 250 we shall look for 245 & can expect some bounce again to 255-257 zone holding upside 259-260 zone for downside targets as 245-240-235 & even lower

-----------------------------------------------------------------Day 1- 21st May 2018------------------------------------------

11:00 Hrs - SBIN
Idea to trade long / buy if holds 240-242


11:42 Hrs IST - SBIN
Stuck in Range 240-242 - So buying above 242 or selling below 240 whichever side it moves next


13:35 Hrs - SBIN
Started moving upside from 242 - As suggested we shall take buy poistion


13:56 Hrs - SBIN
Booked Profits at 245 - Double Top at 245-246



------------------------------------------------------------------------Day 2 - 22nd May 2018---------------------------------

13:15 Hrs - SBIN
Above 245 -246 for 252-254 - Extended to 259 - Important Supply Level


14:14 Hrs - SBIN
Crossing 252-254 zone - Awesome


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Auropharma selling from 576-578 for 571 - Done & Turning upside from 574 to 580-585 levels
May 22
Trade closed manually: 10:06 Hrs 23rd May 2018

Last Price@268.30

Broke above 259-265 supply zone could support for few days & we look for upside target 275 -285

Any longer term targets only if it crosses 300 mark & sustains above else if you get a dip in coming few sessions & you see 259-265 holding it you could take long positions with strict stops below 259 - Do not hold long positions below 259.

Have a nice week ahead!
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Amazing analysis sir! SBIN and Auropharma moved as per your analysis
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traded auro for upside from 574...perfect analysis....Thank you!!
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@butterfly87, You were bit late to ask but no worries - still got the exxciting move in auro to close the session - Enjoy & Regards.
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AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, I think you enjoyed most & traded both in up & down for Auro & up & down for SBIN.
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