State bank of India - Cup & Handle pattern
SBIN brilliantly formed a Cup and handle pattern in Daily time frame. Now it is in the Handle phase, we need to wait for the breakout at 445 and a successful retest to avoid false signals.
Target can be upto 115 points. Its better to take positions in cash market, FNO traders need to take a far month contract as this will take maximum 6 month period to achieve.
Kindly share your valuable feedback.
Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Target can be upto 115 points. Its better to take positions in cash market, FNO traders need to take a far month contract as this will take maximum 6 month period to achieve.
Kindly share your valuable feedback.
Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Trade active
Long position activeNote
Its retesting the 440 levels.Note
keep holding it till 520. now its near 500Note
90% of Target is achieved. It came till 540.
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