InsiderB

SBI : Rectangular Ranging - Waiting for Breakout !

NSE:SBIN   STATE BK OF INDIA
Its almost a month SBI is ranging completely within 223 - 235's, probably it may range for another week. If breakout happens expect that will be wild n crazy, in my opinion ( I may be wrong) - I expect there won't be any pullback. But conservative traders can opt to stay out, can enter if any pullback happens in SBI . Moreover Nifty is also caught in some kinda ranging just with hourly swing moves.. SBI being a mover of Nifty , lets watch how things happen...
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Enjoy Weekend !!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.