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InsiderB
Apr 16, 2017 5:06 AM

SBI : Can we bank on this bank ?! Long

STATE BK OF INDIANSE

Description

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

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