CT143

SBIN | Pre-Breakout

Long
NSE:SBIN   STATE BK OF INDIA
(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout

Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Flag Pattern / Falling Wedge = Both Supported By Fibonacci Retracement (50%) & RSI Divergence (With Good Consolidation).

INTRADAY = Entry :- After Clear Breakout or Retest | Stop Loss :- What Suits You | Target's :- What Suits You

SWING = Entry :- After Clear Breakout or Retest | Stop Loss :- 347 | Target's :- What Suits You

POSITIONAL = Entry :- After Clear Breakout or Retest | Stop Loss :- 345 | Target's :- What Suits You

-- Look For Healthy Volumes . Or Get Ready To Exit The Trade.

(Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade).

Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market.

FOLLOW 🤝 | LIKE 👍 | COMMENT ✍
-------------Any Suggestions--------------
Comment:
More Confluence - Monthly/Weekly (Strong) Breakout - Then Retesting Support Level, Supported By 50% Fib Retracement.
Trade active: All Entry's Triggered.
Trade closed: stop reached: Stop Hit - Sharp Market Fall