AbhishekHSinghCMT
Short

SBIN-Are You Turning Your Trend Line Into Traders Lollilop

NSE:SBIN   STATE BK OF INDIA
Trading Strategy

Plan A -
Sell Close to 307-308 Highs -Once You get in 303-306 zone with strict stops above 308 Highs

Plan B -
Sell if Holds & Goes below 300

Plan C -
Buy for Explosive Upside Target as suggested in "SBIN -Ulta Pulta Idea"

Targets
Target 1- 280

Target 2- 265-270


Thanks for checking the video & do support if you like the idea. Happy Trading Week Ahead. Follow Proper Risk Management. Cut your losses / Hold your profits.

SBIN - Ulta Pulta Video Idea

SBIN - Picking the Tops at 307 for 277 - Hot Trade as picked the top close from 307 at 306.50
Trade active: 11:43 Hrs 18th March 2019

Last Price@296.25

Current Session low@295 could be temporary halt

So look to book profits intraday & sell once you get a bounce later close to 299-301 or sell later below 295.
Trade closed manually: 18:07 Hrs 18th March 2019

Do Trade Carefully - Was fun to trade intraday & best part was the last 30 mins trading scenario where all markets jumped, close to opening highs!
Comment: 14:32 Hrs 19th March 2019

Last Price@303 (No Trades Above 306.50)

As per plan A suggested in the Trading Strategy above - Did You Sell At the Top Again!!!

Plan A -
Sell Close to 307-308 Highs -Once You get in 303-306 zone with strict stops above 308 Highs

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

So took a ₹6 loss in this trade waiting for proper strategy.
+1 Reply
AbhishekHSinghCMT Vikalpbothara
@Vikalpbothara, why ? What was plan B stated above. i am very clear in my writing & trading.
Reply
Vikalpbothara AbhishekHSinghCMT
@AbhishekHSinghCMT, as per your previous comment you said sell even if intraday it moves beyond 301.
Reply
AbhishekHSinghCMT Vikalpbothara
@Vikalpbothara, Then why did you took stops & saying 6 Rs loss
Reply
Vikalpbothara AbhishekHSinghCMT
@AbhishekHSinghCMT, as per your previous comments you said sell even if it goes above 301 in intraday. So it moved beyond 301.
Reply
AbhishekHSinghCMT Vikalpbothara
@Vikalpbothara, Intraday wise that mean - was your position taken intraday wise & you got 6 Rs loss ?
Reply
Vikalpbothara AbhishekHSinghCMT
@AbhishekHSinghCMT, There is clearly so miscommunication here. I am positional player. I have a short position at 298.5 in futures. Now what will be the SL & what was it that you were trying to explain to me.
Reply
AbhishekHSinghCMT Vikalpbothara
@Vikalpbothara, This was your earlier statement - "So took a ₹6 loss in this trade waiting for proper strategy." I want to know -how did you make loss of 6Rs if opening candle low was at 299 & high 302 +some odd points - maximum loss could be 3 + odd points or 3 Rs as it was suggested that Intraday wise you should close all sell above 301 highs. What about - Selling yesterday below 300 to 295 = 5 points / 5 Rs & later suggested that we expect a bounce from 295 to 300 = again 5 points / 5 Rs.
Reply
Vikalpbothara AbhishekHSinghCMT
@AbhishekHSinghCMT, Arey sir, I close the position at 304.5 so loss of Rs.6/-(298.5-304.5). Yesterday i sold later in the day so couldn't catch the move.
Reply
Vikalpbothara AbhishekHSinghCMT
@AbhishekHSinghCMT, so what should be SL now according to you?
Reply
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