AbhishekHSinghCMT

SBIN - Bullish Shark Above 250 for 255 - 263 & Turn Down

Long
AbhishekHSinghCMT Updated   
NSE:SBIN   STATE BK OF INDIA
Last Price@246

Good Morning!

Bullish Shark Harmonic Pattern . Safe Traders can jump once it starts moving above 250 for 255 & above 255 for 262

Next Resistance between 263 - 266 - "If" it stops then change the camp & enjoy the fall.
Trade active: 10:26 Hrs 20th March 2018

Last Price@248.70

Got 1st green candle for the day from 246 to 250 & stops at 250

Trade active: 11:53 Hrs 20th March 2018

Last Price@251

If SBIN struggles in 251 - 252 zone then book partial profits & look to re-enter in 247-248 zone also Bank Nifty if falls below 24300 sustains below then take some rest & join later

Comment: 12:00 Hrs 20th March 2018

Last Price@251

Also, if SBIN fails to hold 247-248 - take a longer pause in that case it can dip below 245 as well.
Comment: 13:01 Hrs 20th March 2018

SBIN Last Price@250.50 - Struggling in 251-252 as expected

Bank Nifty Last Price@24235 Falls 70-80 points from close to 24300 levels

Nifty falls from 10150-10160 to 10127
Trade closed manually: 09:49 Hrs 21st March 2018

SBIN Last Price@252 - 14 points back to back
246 to 252 – 252 to 248 & 248 to 252+

First it moved exactly from 245-246 bottoms from shark's mouth to 251-252

Later, as expected 251-252 to book profits & join back in 247-248 - Made low @248.05

Today it opened gap up from 248.05 lows to 252 -

Enjoy the Roller coaster ride of the market which acted as market barometer helping Bank Nifty jump 200+ points today & Nifty jumping 60+ points from 10125 lows.

Closed- Enjoy the rest of the week.


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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