prameshp

SBI - A Divergence on OBV - Is Smart Money Accumulating SBI

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NSE:SBIN   STATE BK OF INDIA
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SBI 25/11/2018
a divergence seen on OBV. Smart money accumulating at lower prices.

Short Term Trend Line on OBV indicating a 273 SL.

Can be accumulated at CMP and wait for a break out.
Trade closed: target reached: 30/11/2018

This did worked till 290. But the strong resistance of Kumo Cloud did not take it higher.

Respect the resistance level.

Trade closed.

Lessons Learnt:

1. OBV Divergence does give trade opportunity.
2. Strong Resistance must be respected and trade to be closed at resistance level.

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