SBI is well placed for a long term bull run. But charts seem to indicate a desire to go lower around 300 or below before it goes for a longer run up.
in two days when the index us rising, SBI was moving down. This is not trading advice. Please speak to your consultant before you place any trades.
Trade Active. Short at 318
Trade Active. Has give some signs of moving down. Would like to see it first take 312 for comfort and next move to 308.
Trade active : Even though it moved higher, did not cross high of 05 Dec at 320.70 . But it shows strength as did not buckle into the pressure from the broader BankNifty which was down.
Good day today. Booked part profits. Moved SL from 321 to cost. Hope tomorrow is rewarding as well. Next targets 310, 308.
Trade closed: target reached:
Trade closed at 310.
Traded intraday long from 310 with SL at 308 and back upto 314. But no carry over, as markets will be volatile in view of the anxiety caused due to the election results due in a few days. I prefer to stay out of the storm and trade in calmer oceans !!! Not trading advice. I am not a consultant. Please consult your financial advisor for trades.
Wow. It did respect my call and came close to 300. But not in a manner I could trade.... ha..ha. ha.
Short again. Not given up yet on a desire to see 300.
Not trading advice. I am not a consultant. Please consult your financial advisor for trades.
Trade closed manually
Just did a rain check and noticed that my desire to 300 had been fulfilled !!!!! Now hope to see something in the range of 340-350 soon I guess :-) Not trading advise.
Very nicely, it went back to 331 and returned back to my 2nd target of 284 !!