On the daily charts of SBIN, it can be seen that it is taking support of its recent trendline (yellow one) and there is a year old resistance too (green one). (OPEN CHART ABOVE)
Also, on the weekly charts, a breakout then a retracement kind of action is seen. Also there is a good buying pressure at the day end today.
This shows that soon a breakout is expected on the daily charts from the green line.
One may look for buying opportunities above 445 with good volumes and good candle body.
Expected targets could be 456, 471, 490.
Stop loss, considering buy around 445. could be at 425. TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
Also, on the weekly charts, a breakout then a retracement kind of action is seen. Also there is a good buying pressure at the day end today.
This shows that soon a breakout is expected on the daily charts from the green line.
One may look for buying opportunities above 445 with good volumes and good candle body.
Expected targets could be 456, 471, 490.
Stop loss, considering buy around 445. could be at 425. TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
Trade closed: target reached:
TARGET ACHIEVED
TOUCHED 465 TODAY!!!!
5% RETURNS!!!!
FOLLOW FOR MORE IDEAS
TOUCHED 465 TODAY!!!!
5% RETURNS!!!!
FOLLOW FOR MORE IDEAS