SBIN - Long only if takes support between 355-356 range
Most of the indicators are showing selling pressure except the moving average. As per daily chart, it looks like a falling wage. Expecting a support and bounce from the 355 price range as the last gap up area will act like a support. According to my analysis Stop loss limit of 349 should be enough, and it should run a next leg up and form a double top pattern with target range of 426.
Feel free to comment about your thoughts :)
Please DYOR before applying my analysis these are just for education and learning purpose only.
Feel free to comment about your thoughts :)
Please DYOR before applying my analysis these are just for education and learning purpose only.
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