SBI BREAKS PREVIOUS THREE DAY HIGHS WITH BULLISH ENGULFING
-the momentum with which sbi has comeback is strong
-it is seen in the past that whenever the stock moves above 290 on closing basis
-we see a fresh move towards 320-340
-the way that sbi bounce from its 20-ema on daily chart
-three days of negative action taken out by a single bullish engulfing bar
-one can entery longs near 296-292
-enter a stop near 279
-short-term target can be near 303-308
-positiona target can be near 320-330
-it is seen in the past that whenever the stock moves above 290 on closing basis
-we see a fresh move towards 320-340
-the way that sbi bounce from its 20-ema on daily chart
-three days of negative action taken out by a single bullish engulfing bar
-one can entery longs near 296-292
-enter a stop near 279
-short-term target can be near 303-308
-positiona target can be near 320-330
Trade closed: target reached
SHORT-TERM TARGET REACHED
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