Symmetric Triangle on SBI - Neutral

STATE BK OF INDIANSE

Description

⋅ Jan 2, 2017 1:36 PM

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

⋅ Jan 3, 2017 3:48 AM

Comment

⋅ Jan 3, 2017 3:48 AM

breaking the downside...

Comment

⋅ Jan 3, 2017 2:16 PM

price holding up in falling wedge trendline....

Comment

⋅ Jan 11, 2017 5:57 AM

SBIN trying for upside but struggling to get up.. let see....

Comment

⋅ Jan 12, 2017 4:50 PM

Indicators are showing bearish but price trying to move upside... Let see will make or break.

Trade active

⋅ Jan 16, 2017 10:51 AM

finally sbin went upside...

Trade active

⋅ Jan 17, 2017 3:59 AM

Level 1 achieved on upside.

Trade active

⋅ Jan 27, 2017 12:07 PM

Level 2 - 565 achieved

Trade closed: target reached

⋅ Jan 27, 2017 12:08 PM

i am closing my call on level 2.

Comments

Trading-wise

⋅ Jan 3, 2017 2:20 PM

Will it break downside?

raj3elite

⋅ Jan 3, 2017 4:49 PM

@shyam.sega, sbin on big dilemma for breaking the triangle or falling wedge... upto 240 strong support zone so once it broken then fall will continue...

Trading-wise

⋅ Jan 3, 2017 5:06 PM

@raj3elite, thanks