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Trade-Technique
Nov 20, 2020 6:16 AM

T-Bar(trade-executable) reversal zone, for SBIN! 

STATE BK OF INDIANSE

Description

How to determine the target after T-Bar?
By utilizing Fib. Retracement, target can 38.2% first and 61.8% second. There's also important how to ride your profit which depends on many factors such as trailing SL, Volume, etc.

  • Targets are 227.55 and 211.75.


My previous work on this stock :
SOLD: (247-249): - I have activated to sell in TimeLine Notification.


First posted pattern:
Comments
Babul_Priya
I am a beginner, don't have too much advance knowledge of technical analysis. Many of the time your analysis goes out of my mind, but it always inspire me to dive deep into it. Today I got to know a new term from your post and will learn about it. Thanks mam for this. Please keep posting your analysis, your analysis is full of knowledge.
Trade-Technique
@Babul_Priya, Thanks so much for the great comment for me.
Babul_Priya
@Kinnari_Prajapati, Many of the time, I try to learn from your post even if I know that I try to study your analysis and learn something new. I want to learn deep about technical, want to learn more from you, please guide from your post mam.
aniketkapse18
share detial t bar how is work ? how can find the
BankniftyPro55
Great Analysis 👍 MEM
srinivasjandhyala
Is this valid now and going to happen?
anarchylife
No Bar matters

323 INR SBI is where it is headed.. Everyone spare your time drawing charts..
SBI is the most undervalued Bank out there in this entire nation

It deserves to be borderline 380-450 before Dec 2021
KuberPriya
I think sbin is still bullish between 234-239 ( Resistance became Support ) and today itself it tested from 234 to 239 and closed even above that... I don't see a point of shorting. just my view.
meenabiy
Liked 👍.
R there chances of reversal from 38.2 rather going down to 61.8
Trade-Technique
@meenabiy, Thanks for your vote about the reversal.
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