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State Bank of India
Short
Updated

SBIN - SHORT

195
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
Arun_000
Also on:
Bearish PatternsfailedbreakoutMultiple Time Frame AnalysisnseParallel ChannelsbinshortSupply and Demand

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bearish PatternsfailedbreakoutMultiple Time Frame AnalysisnseParallel ChannelsbinshortSupply and Demand
Arun_000
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.