STATE BANK OF INDIAShort
A POSSIBLITY IF PRICE REVERSE FROM 232 or from 226
Updated
Chart is self Explanatory. Updates on this stock will be shared in original idea linked herewith in related ideas(Will this Breakout survive?....). There is a possibility of formation of mojor or minor reaction leg from here.
This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly in my original ideas of long (link provided in related ideas), as market progresses, only for educational purposes for me and others who want to benifit from my experince.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly in my original ideas of long (link provided in related ideas), as market progresses, only for educational purposes for me and others who want to benifit from my experince.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Note
WoW..possiblity turned into reality, But this move was not tradable if one is not ready with limit orders, Hence Trading is more of an art then science. Technical analysis is just one part of it. Honestly I was not ready. Missed this opportunity, office hours is an excuse.Note
So it is done...What next?Note
This week is crucial...if behaviour of swing changes..dangerous for market.Note
When i Said Dangerous for market on 8th september, What was there in my mind. I dont remember, what I had seen. But yes change in behaviour indicates towards doubling up of swing. Is below posted chart is a possibility?Note
Last update. Now concentrate on fewer instruments only.
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