dravya

SBIN - Chart for this week

NSE:SBIN   STATE BK OF INDIA
204 10 7
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 :)
Comment: Monday update : Fell, recovered, unable to cross upper blue line. See how it behaves tomorrow. Stays below or crosses :)
Comment: Personally, I'd look at lower timeframes to go deeper on what's happening. Won't be able to update live.
Comment: Had a nice handshake with both the trendlines ;)
Now drawing a downward trendline would indicate more things.
Comment: This is the new trendline to look for.
Comment: On a much zoomed in level.
Comment: Open below trendline making it a candidate for short. Weak.
Comment: Took support at blue line, reversed with volumes. Stuck at the upper blue line.

P.S. Im not holding any position.
Comment: Has broken out of the trendline with good volumes.
Comment: See ! 2.25 % follow through after that trendline breakout ;)
Comment: Amazing upmove from 266 blue line and great breakout from trendline.
Can you show next resistance line ? as it has closed at trend line support.
Reply
dravya AMBRISH
@AMBRISH, Which trendline ? If you're talking about the green one, it's the price line.
Reply
AMBRISH dravya
@dravya,Yes, Green price line at 293.30.
Reply
I also have a similar view
nice chat
Thanks
Reply
dravya padiyaraa
You're welcome @padiyaraa Sir :)
Reply
dravya dravya
@dravya, you must have benefitted with this breakout.
Reply
Thanks, i will use 276 as S.L. for short,
Reply
dravya AMBRISH
@AMBRISH, for very-short term , it's fine :)
Reply
Will watch for opportunity Thanks heaps
Reply
dravya Subra1953
@Subra1953, You're welcome !
Reply
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