SBIN : cmp: 498.4
On the verge of break down.
Making lower lows for 3 days.. Facing resistance near 511-516 level.
Closed below 50 DEMA . RSI trending down.
May test 489/481 level.
View negated above 506 level.
Sell on rise candidate.
Can take position in future and option also. FEB 500PE can be look after.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
LIKE & COMMENT
❤️ Your Support is very much appreciated ❤️
On the verge of break down.
Making lower lows for 3 days.. Facing resistance near 511-516 level.
Closed below 50 DEMA . RSI trending down.
May test 489/481 level.
View negated above 506 level.
Sell on rise candidate.
Can take position in future and option also. FEB 500PE can be look after.
if it opens lower wait for the bounce for shorting.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
LIKE & COMMENT
❤️ Your Support is very much appreciated ❤️
Trade closed: target reached
