Reasons for Long Trade:
1. SBIN is very close to break out from Ascending Triangle Pattern
2. SBIN is getting good support near 189-191 zone which is 23.6% Fib Retracement level from recent lows.
3. Risk Reward is very favourable . (low stop loss)
Entry, SL and Target levels are mentioned in Chart.
Disclaimer: The chart provided is only for educational purpose and not a trading recommendation. Consult your financial advisor before taking the trade.
1. SBIN is very close to break out from Ascending Triangle Pattern
2. SBIN is getting good support near 189-191 zone which is 23.6% Fib Retracement level from recent lows.
3. Risk Reward is very favourable . (low stop loss)
Entry, SL and Target levels are mentioned in Chart.
Disclaimer: The chart provided is only for educational purpose and not a trading recommendation. Consult your financial advisor before taking the trade.
