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SBIN Range Bound Trade - Long Signal

Long
NSE:SBIN   STATE BK OF INDIA
Following a rangebound trade in 1 hr chart.
Touched the lower trendline support today and expected to rise.

Target: 204-205 in 2-3 weeks
SL: 184.15
Above setup is valid only when Bank Nifty rise.
Trade active: SL updated due to unexpected fall in last session.
Trade is valid still since close is above the trendline.

SL: 178.4
Trade active: SBIN facing resistance on 195-196 levels, Safe traders can book their profit on these levels.
Riskier traders remain in trade & wait to cross 196 with volume.
204 expected in next week.
Trade active: 198.25 on 23rd July.

TOday on 27th July, New positions can be taken on CMP.
Trade closed: target reached

Comments

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