Description
⋅ 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 :)
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⋅ Monday update : Fell, recovered, unable to cross upper blue line. See how it behaves tomorrow. Stays below or crosses :)
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⋅ Personally, I'd look at lower timeframes to go deeper on what's happening. Won't be able to update live.
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⋅ Had a nice handshake with both the trendlines ;)
Now drawing a downward trendline would indicate more things.
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⋅ This is the new trendline to look for.
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⋅ On a much zoomed in level.
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⋅ Open below trendline making it a candidate for short. Weak.
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⋅ Took support at blue line, reversed with volumes. Stuck at the upper blue line.
P.S. Im not holding any position.
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⋅ Has broken out of the trendline with good volumes.
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⋅ See ! 2.25 % follow through after that trendline breakout ;)
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⋅ Amazing upmove from 266 blue line and great breakout from trendline.