balaji_damo
Short

SBIN donwtrend

NSE:SBIN   STATE BK OF INDIA
This stock has reversed the trend and taking support at 38.2% retracement level.

1. The stock is consolidating in this strong bull run indicating weakness in the stock. Also the selling volumes are high.
2. One can long at this level with strict SL to gain the Q2 results anticipation movement upto 260.
3. For long term short at 250 with SL at 260 for a target of 232 and 212.
Trade active
Trade closed: stop reached: Our short got entry at 245 as it gapped down and TSL hit at 242.
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