SBIN - Chart for this week

Mar 19, 2017

Here, I have drawn levels and lines for SBIN which I'll use to
supplement my trading decisions for this week ( 20-24 March) .

Personally I'm looking for shorting opportunities, preferably intraday.

Sharing if it helps :)

Mar 20, 2017

Note

Monday update : Fell, recovered, unable to cross upper blue line. See how it behaves tomorrow. Stays below or crosses :)

Mar 20, 2017

Note

Personally, I'd look at lower timeframes to go deeper on what's happening. Won't be able to update live.

Mar 21, 2017

Note

Had a nice handshake with both the trendlines ;)
Now drawing a downward trendline would indicate more things.

Mar 21, 2017

Note

This is the new trendline to look for.

Mar 21, 2017

Note

On a much zoomed in level.

Mar 22, 2017

Note

Open below trendline making it a candidate for short. Weak.

Mar 24, 2017

Note

Took support at blue line, reversed with volumes. Stuck at the upper blue line.

P.S. Im not holding any position.

Mar 28, 2017

Note

Has broken out of the trendline with good volumes.

Mar 29, 2017

Note

See ! 2.25 % follow through after that trendline breakout ;)

Mar 31, 2017

Note

Amazing upmove from 266 blue line and great breakout from trendline.