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jashjacob

SBIN continues making HIGHER LOWs

Long
STATE BK OF INDIA (NSE:SBIN)  
jashjacob Updated   
NSE:SBIN   STATE BK OF INDIA
Trend Analysis Support and Resistance Trend Lines sbin sbinanalysis sbinlong sbinforecast sbinbreakout BANK BANKNIFTY
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trendanalysis supportandresistance trendline sbin sbinanalysis sbinlong sbinforecast sbinbreakout bank banknifty
SBIN is still making higher lows within INR200.00 range for the last few months. This is with reference to my post on Aug 5th when first suggesting that SBIN has been making higher lows and the time frame rapidly reducing for the swings.

Breakout can be expected once it crosses the sentimental INR204.00 range.

Trade active:
SBIN touched on 25th August 2020 with market opening INR 206.50
Trade closed: target reached:
Perfect retrace to our levels. If price breaks INR210.00, we may see a breakout.
Comment:
PRICE BREAKOUT! AUG 27th as expected right above INR 210.00
Comment:
SBIN closed above INR 215.00
Perfect retrace with the chart.
Trade closed: target reached:
Breakout on 28th August - reached a high above INR 225.00

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jashjacob
State Bank making Higher LOW in the last three months
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