SBIN WEEKLY RECTANGE BREAKOUT POSSIBLE

Updated
SUMMARY
-look at the week chart of sbin
-once a weekly close above 550 is achieved
-positional trade opens up for 600-620-650 zone
-banknifty breakout and will test new all-time high
-diwali target again in sbin 620-650
-will update target
-540 call option oi has seen 1.5m in short-covering
-base is shifting higher

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*my views are not trade recommendation
*please consult your financial advisor
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Note
545-557 TILL NOW
Trade closed: target reached
545-575
SHORT TERM TRADERS CAN HOLD FOR 585-590
BANKNIFTYbreakoutChart PatternsTechnical IndicatorsNIFTYpriceactionrangebreakrectanglebreaksbinTrend Analysis

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