Black Friday saleUp to 70% OFF
STATE BANK OF INDIA
Short

SBIN - SHORT

By Arun_000
Updated
SBIN

(FOR LEARNING PURPOSE ONLY)

  • Price below 50mvwap
  • On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel

If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60
Trade active
TARGET 1 REACHED
Trade closed manually
Bearish PatternsfailedbreakoutMultiple Time Frame AnalysisnseParallel ChannelsbinshortSupply and Demand
Arun_000
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