SBIN : Upar jaane ka raasta 2.0

Jul 17, 2020

Levels on chart.
Long above 189.8 for 196 with SL at 186.5

Observe Stochastic levels with previous rebounds for confidence
Keep a track on Bank Nifty levels - refer linked idea (1.0) for correlations

Jul 17, 2020

Note

Key BN resistance levels are 22100 ( initiate long) , 22350 (expect profit booking if BN doesn’t breach this, book intraday profits) & 22500 ( target reached but stay in for more upward movements).

Jul 20, 2020

Trade active

Buy triggered

Jul 20, 2020

Note

If BN doesn’t breach 22500, will book profits

Jul 20, 2020

Trade closed: target reached

Exited at 192

Jul 20, 2020

Note

Bank nifty has a gap to fill so there is a good chance bank nifty can retrace to 22,000 so exit positions now and I will look to re-enter when Bank nifty Is under 22k

Jul 21, 2020

Note

200 this week - may be even tomorrow ! Buy above 196 with SL at 194