If channel breaks above wait for retest before any buying, if falls along with whole market then can come back to 150 levels or below
Comment:
Short will be activated if falls and holds below 170 with s/l 178
Comment:
Though it has given a break out from channel but won't buy as of now because of the way markets have moved up in last 1 week or so without any positives. So when the music stops, SBI will be the first to start crashing.
Comment:
what the hell is happening here, such a strong up move
Comment:
Closed well above the trend line, will not jump into buy, wait for retest of 179-180 levels, and if these levels hold , we can look to buy. Failing to hold 179-180, can bring stock back in the channel. Then will look to short below 170
Comment:
will plan to sell below 177 support line and buy above 200-204 levels only