prameshp

Idea for Next Week - Watch Out SBI

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NSE:SBIN   STATE BK OF INDIA
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1. On Verge of Kumo Break Out. One candle above cloud on closing basis. Conservative ones can look for 2nd candle confirmation above cloud.
2. Chikou Span will be free above 296 on closing basis.
3. Span A turning upwards and future Kumo likely to be bullish if above 1 and 2 happens.
4. 296 - 304-312-324 SL Below 282
Trade active: 19/11/2018

SBI did not break the Kumo successfully today. However, it is still near the Span B line and could attempt in next few days to break the Kumo successfully.

Wait patiently for taking a trade. Only if it breaks 296 we take a trade.

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