InsiderB

SBI : Can we bank on this bank ?!

Long
NSE:SBIN   STATE BK OF INDIA
The 3 prime reasons given in chart forms basic crux for this trade but do remember that symmetrical triangle breaks both side, not that a guarantee it should break upside. Anyway due to the full blown Bull run in SBI & wave counts I'm expecting upside breakout from this triangle.

Let's see what SBI offers us...Happy Sunday !
Comment: This setup is still valid guys, just re-align the lines we will get the symmetrical pattern

Comments

You can trade both side in SBIN as per mkt. trend.
Thanks for symmetrical Triangle , caution on RSI.
+1 Reply
InsiderB AMBRISH
@AMBRISH, yes boss... bcos of bullside I intentionally didnt mark that RSI, you got eagle eyes :)
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A pole & pennant,is a very promising pattern, I have a similar view.

Thank you.
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grate post
sir how i chang my avatar
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InsiderB ssrd99
@ssrd99, Profile settings --> upload photo :)
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Spin top on daily charts is indicating an indecision.so move can occur in any direction.
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InsiderB srinivaskalluri
@srinivaskalluri, Right boss, thats why mentioned triangle can turn anyside though elliots show upside move
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@InsiderB, sbi in down trend
+1 Reply
InsiderB srinivaskalluri
@srinivaskalluri, cool, went against the plan :)
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bang on 305 tgt .ichimoku is also giving the same tgt
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