LONG- SBIN; Weekly Trendline broken and at Important Fib level
Updated
Long SBIN:
A declining trend line is broken by SBIN on the weekly time frame and if you are an aggressive trader, then you can enter here, else wait for weekly closing above 282. Looks like the 3rd wave of Elliot wave pattern.
A declining trend line is broken by SBIN on the weekly time frame and if you are an aggressive trader, then you can enter here, else wait for weekly closing above 282. Looks like the 3rd wave of Elliot wave pattern.
Trade closed: target reached
Book 50% now an easy 10% within 10-15 days. 310-315 would provide a bit of resistance as it is a 200% Fib level and also a previous resistance level.Trade closed: target reached
Now more than 40% of return book completely.
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