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Arun_000

SBIN - SHORT

Short
STATE BK OF INDIA (NSE:SBIN)  
Arun_000 Updated   
NSE:SBIN   STATE BK OF INDIA
Parallel Channel Supply and Demand Multiple Time Frame Analysis sbin short Bearish Patterns nse failedbreakout
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parallelchannel supplyanddemand mtfa sbin short bearish nse failedbreakout
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
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