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STATE BANK OF INDIA
Long
Updated

SBI formed W pattern in Daily candle

1139
SBI formed "W" pattern in daily candle form
Entry - Above 584
SL - Below 554
Target - 600, 620, 640
Note
Sorry the pattern is not W, it is Inverse Head and Shoulder pattern
Trade active
Trading active on 10-sep23
Heading towards the target.
Once can book profits as per their risk
Note
13-Sep-23 -> Reached high of 596 which is near first target value of 600
Note
14-Sep-23 -> Reached High of 603.7 where our first target achieved
Note
Since market is weak, after achieving first target, the stock is moving upwards very slowly.
raji33rsr
Chart Patterns

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart Patterns
raji33rsr

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.