Bravetotrade

SBI: Some Room for Short

Short
Bravetotrade Mod Updated   
NSE:SBIN   STATE BK OF INDIA
Hello traders,

SBI had a nice breakdown below 281. In order to take this trade with minimal risk we can try our pullback strategy. I would like to see a weaker pullback into the 281 zone along with lower volume. I prefer to see some bearish confirmation in this zone and then short. Potential cover could be at around 270 zone.

Let's see if we get this opportunity before hitting the cover zone.

Trade safe, stay healthy.

Best Regards
Afraidtotrade
Comment:
Comment:
Comment:
Now everybody knows that SBI is in bearish trend. But can there be a safer and better way to trade it..SEE THIS ☝
Comment:
Hit the target zone quickly but without any pullback into sell zone. Trade cancelled.
Comment:
Comment:
Pullback or fresh move?? No signs of weakness as of now.

Comment:

JJ Singh
Trader/Investor
Moderator, TradingView

🚀Join t.me/jjsingh_2020 ,
A Free Education channel

🚀Tweet at twitter.com/JaySingh_2020
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.