hustlecircuit

Breakout? What Next?

Long
NSE:SBIN   STATE BK OF INDIA
SBI as on 18th June gave a Triangle Breakout.
As you can see from the charts , it was in Range for some days,later tested Support multiple times and broke down to test Major support.

Now from the Major support ,Price tested the market again,resulting in Ascending Triangle Breakout with respect to Volume breakout.

It broke yesterday's High and is Marching Forward.

Now the Immediate resistance in front of it is at 180.85 region.
And immediate support which was once the Resistance is 176.20

For BUY -
Buy above 180.85
else
Sell below 176.20

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