Trading-With-A

SBIN short on trendline resistance on 15m chart

Short
NSE:SBIN   STATE BK OF INDIA
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.
Trade active: bang bang,we are trading now at 427
Comment: Our Trendline resistance did hold for the down move
Trade closed: target reached: Our target 1 424 is achieved
Comment: Sbin made low of 422.15 from our entry.
Trade closed: target reached: Bang Bang.
Our target 2 420 is achieved
Comment: 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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