It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up.
T1- 261 T2-268 SL 248
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Trade active
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Moving strongly above the consolidation and now shall reach t1 shortly. Thanks
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Trade active
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Banking stocks moving from their lows.
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Trade closed: stop reached
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SBIN hit the stoploss with the gap down but it is still at the strong support of 240-242 levels. Once it closes below it then the down trend shall continue otherwise we could see a sharp rally up in next session. Thanks
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SBIN did bounce back well from 240-242 support levels. Next hurdle would be to close above 256 levels in order to continue the rally. Thanks
Trade closed: target reached
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SBIN did rally after a short fall as expected and now reached above all targets.