SBIN - Harmonic Sell below 288 for 280

Apr 9, 2017

Going Below 288 & holding below 288 - can dip to 280 support where look for initial halt if holds or going below 280 -it can fall sharp.

We come back to inspect if 280 holds.

Monthly Chart
Move above 335- proposed "d-leg" of the triangle in previous long term analysis -if crossed in future then we expect good upside target. We shall do the projections once 335 & above is breached.

Apr 10, 2017

Trade active

11:04 Hrs 10th April2017

Last Price@288.20

It dipped to 287-286 & bounced above 288 -Likely we will wait for any further action. I am on sidelines means no position.

Apr 10, 2017

Trade active

11:19 Hrs 10th April2017

Last Price@288.20

It is neither going upside & going below 287.50 shall continue down -we need to check what could a small stop loss for this short trade if we take.

Apr 10, 2017

Trade active

13:20 Hrs 10th April2017

Last Price@288.20

Not holding below 287.50 & turned upside. So, we again wait for the bounce to sell

Apr 11, 2017

Trade active

12:39 Hrs 11th April2017

Last Price@292

Bounces from 287.50 -intact from yesterday.

Apr 16, 2017

Trade active

17:08 Hrs 16th April2017

Last Price@291

Going below or sustaining below 290 is a problem - The fall from 296 was very sharp -so Next - we want to see 296 taken out for any buy positions.
Bang On for a small move from 287.50 -which gave a leg upside till 296. Keep moving with the market -let it throw you out helped me gain maximum out of that leg.

Apr 18, 2017

Trade closed manually

Closing this post at 291 -Price