yvatsji

SEE HOW I INFORMED ABOUT EARLY BOTTOM OF SBI ON 5TH JUNE 2020

NSE:SBIN   STATE BK OF INDIA
Hi traders/ Investors,
1, On the 5th June 2020 my post title was " SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW?"
In point 2 I mentioned is quoting as the proof on my wording shared on the same day "Traders I made one red dotted line til price do not take this out, no shorts buy on the dip is a good strategy for this stock. In the coming days, the second target will be achieved."
. You can see I marked two dips In the green circle proving my manifestation almost one month ago. In between every week, I updated how to trade this stock with the perfect marking of support and resistance and excellent conditions. Those who are my regular followers, they all know my accuracy of manifestations of move before real movement of the stock price. Authentication of my statements with proof are for new readers and for egoist trollers. In every post, I write this rather than writing baseless and illogical words. better to take my advice you will also start earning.

2. Traders I made a pink line if this is taken out on both time frames then the price could drift to the green dotted line. I will cover my longs when 15 min condition is satisfied. In case 1 hour is not satisfied then I will find buying setup on a 1-hour time frame for again longs.

3. Below the green dotted line, there is no direction zone. so I will not trade in this area. For new readers, I write taken out conditions so that you could understand it well. In my all post and analysis this is the topmost condition to comprehend. "Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "

4. To better understands my previous statement setting the 5th June chart below. Compare it with the current above you will see the real picture of my analysis.
The rest market will decide.

YOGESH VATS

Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.

Comments

@yvatsji , As it does not satified taken out condition ( 1 day + 4 hour), Shall i play a small game in this stock as result is on thursday and it does not taken out condition, so can i buy this stock future with SL of breached candle low ( yesterday) i.e. 186.55. Please share your view
Reply
Thanks Sir, Fresh long to be initiated for short term only above upper red line or holds green dotted line?
Reply
Should we still invest now, especially with the economy still not looking up and the pending impact?
Reply
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