STATE BANK OF INDIAShort
SBIN short on trendline resistance on 15m chart
Updated
SBIN short entry below 430
target 1: 424
target 2: 420
sl: 434
Sbin is already on short with pullback upto neckline at 430-431 on head and shoulder pattern.
We see SBIN here to follow downward trend line from here.
target 1: 424
target 2: 420
sl: 434
Sbin is already on short with pullback upto neckline at 430-431 on head and shoulder pattern.
We see SBIN here to follow downward trend line from here.
Trade active
bang bang,we are trading now at 427Note
Our Trendline resistance did hold for the down moveTrade closed: target reached
Our target 1 424 is achievedNote
Sbin made low of 422.15 from our entry.Trade closed: target reached
Bang Bang.Our target 2 420 is achieved
Note
As our both targets are achieved we will look for downward move until we see a reversal for upside.The next plan is to wait for SBIN to retrace and then Short again.
Till then we have achieved our targets.
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