STATE BANK OF INDIAShort
SBIN 4HR
Bearish Butterfly formed at Daily Resistance & at Daily pattern zone levels
TOP Reversal --second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful (if second bar high is higher than the first bar high it shows additional weakness). It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
TOP Reversal --second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful (if second bar high is higher than the first bar high it shows additional weakness). It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
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