Your analysis was incomplete without looking at OBV. That declined over last many weeks and clearly indicated that it was only a matter of time that SBI broke the 270 levels. Now since it has closed well below 270 it will becomes big resistance on the way up.. thank you
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PraiseT rajivksh
@rajivksh, Lets give it some time.May be I am wrong but i have entered this trade.
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Having lower lows for past 2 days. Futures down with increase in open intetest
Looks bearish
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PraiseT skan_9
@skan_9, The price is at a point on confluence...there is surely an uptrend to come.Lets wait and see.
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