AbhishekHSinghCMT
Short

SBIN - Patience like M.B. Trade H & S below 279

NSE:SBIN   STATE BK OF INDIA
730 27 19
H & S- Head & Shoulder Pattern.

M.B. Master Blaster or Mahendra Baahubali. Have Patience & get rewarded in your field.

When the right shoulder gets completed -which can bounce to 295-300 zone or can travel halfway & start falling-we never know. So, I always keep myself away from guessing as it will waste your time & energy. We all know 279 -how crucial & important it can be in the next downside move if it starts going below 279. Patience is not the virtue, but the necessity to excel.

Hit a ball in such a way that whole stadium stands in ovation to you. He is the master young blood- Kohli- Kohli - Master blaster praises the master by tweeting -
"The sweet spot on your bat speaks about the awesome form you are in, don't need scoreboards. May god always keep your bat like that @imVkohli"

Having said that I never say that you should not take one's & two's in the opportunity given, but you have to be fast & athletic like Mahendra Baahubali to cover the yards in time.

Previous Update - Careful with deep crab- falls from 316 to 281-Amazing
Trade active: 14:06 Hrs 19th June2017

Last Price@288.35

Moving upside for Right Shoulder.
Comment: 20:06 Hrs 27th June2017

Classic Head & Shoulder Pattern from 295.90 completed

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
As usual ..good analysis
Reply
@RSKU0001, Looks like Right shoulder is done - any weakness or if SBIn holds below 290 then only one should sell or sell close to 298-300 taking care that it should not move & stay above 300 mark. Finally best selling is break of Neckline at 279 which is vvv important support.
Reply
RSKU0001 AbhishekHSinghCMT
@AbhishekHSinghCMT, this series no possibility of breaking 300...big OI in 300CE...at least till wednesday..expiry day exceptional..
Reply
@RSKU0001, Yes, 300 is very crucial -going above 300 mark -it will make SBIN bullish.
Reply
abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, kindly advise sl in this. Thanks
Reply
@abhinavk31, Why did you not sell on the top of right shoulder between 295-300 which was amazing level.
Reply
abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, well I thought we need to sell below 279 which is crucial level...should I exit now? Have I entered the trade wrongly?
Reply
@abhinavk31, You know how market went up- first it started running from 283-285 completed right shoulder high some where at same level of level shoulder high which formed resistance so that was amazing level to sell as your risk is almost negligible & you are just left with 15-20 points profit in this xase it was almost 295-276 - Wow! that was really one of the best trade.
Reply
abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, OK....so what should be the SL now? Please advise sirji
Reply
@abhinavk31, This zone 273-276 if holds or supports then bounce can be expected so be careful if you are in short positions. You can wait for the bounce to sell later.
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