STATE BANK OF INDIA

Short

SBIN Short Setup

By yogi_sharma_elliottician

Updated

Strong R at 311 level (trend line) confirmed with bearish Gartley. Wanted to sell at 308/309 level but I expected hammer/dogi to form today. Nevertheless, dark cloud was formed today as a third confirmation, but will miss few points and will enter tomorrow at rise (some 306 level), for the target of 300/294/289. CBSL above the trend line.

Trade active

sell at rise

Note

this seems to be an attractive opportunity to sell at rise

Note

it wasn't a great day, ended green. will hold for tomorrow

Trade closed: stop reached

strong. My idea seems failing. Need to book loss.

Note

Well played SBI, well played. :/

Note

to early to close the trade

yogi_sharma_elliottician

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