NeeteshJain

SBIN - Big Candle Breakout

Long
BSE:SBIN   STATE BANK OF INDIA
It is been observed that on the daily chart that the price action breaks above the downward trend line , indicating a good bullish movement ahead.

Target: 298

Stoploss:288
Trade active
Comment: Stoploss revised to 285. Regards
Trade active
Trade active: Getting Momentum
Trade active
Trade closed: target reached
Trade active: It shall further reach out to 305 levels. Regards
Trade active: Now, it shall reach to 310 levels. Regards

#Trendingup
Trade closed: target reached: It did reach to 310 levels. Regards

Comments

Good view, is it good to take the short position at this level?
+1 Reply
NeeteshJain chandu_Trade
@chandu_Trade, Not at current levels, as it is still strongly trending up. Regards
Reply
chandu_Trade NeeteshJain
@NeeteshJain, Thanks, I will go short at 320
Reply
Check in 4 Hour , the Stock is in between Support and resistance 279/281 ( Support) Seller area 296/298
I hope you can adjust the Stop loss ,
Please correct me if i am wrong sir
Regards
Shivakumar
+1 Reply
NeeteshJain shiv2798
@shiv2798, Yes, you're correct but we are not going that deep to put stoploss, it shall reverse before that comes. Appreciate you sharing, Regards
Reply
superb !!!!!
Reply
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