raj3elite

Symmetric Triangle on SBI - Neutral

NSE:SBIN   STATE BK OF INDIA
Symmetric Triangle on SBI and it may break either side. one more formation called falling wedge ( combine with orange and top yellow line but it will break on top ( bullish ). Moreover SBIN currently lying on Strong support and statement - MAKE or BREAK

Levels for Long: (Make)
Level 1 - 259
Level 2 - 265
Level 3 - 273

Levels for Short: (Break)
Level 1 - 233
Level 2 - 223
Trade active
Comment: breaking the downside...
Comment: price holding up in falling wedge trendline....
Comment: SBIN trying for upside but struggling to get up.. let see....
Comment: Indicators are showing bearish but price trying to move upside... Let see will make or break.
Trade active: finally sbin went upside...
Trade active: Level 1 achieved on upside.
Trade active: Level 2 - 565 achieved
Trade closed: target reached: i am closing my call on level 2.

Comments

Will it break downside?
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raj3elite Trading-wise
@Trading-wise, sbin on big dilemma for breaking the triangle or falling wedge... upto 240 strong support zone so once it broken then fall will continue...
Reply
Trading-wise raj3elite
@raj3elite, thanks
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