STATE BANK OF INDIA
Long
Updated

SBIN--Trendline Break & Retest?

This stock is recently broken the strong resistance,
we detected a trendline break as well,
enter in long side when price touches these entry zone,
potential targets on the upside are TP1 at 863, TP2 at 881 and 899 levels.
Risk reward is also good in this trade.
Keep safe wait for the price to comes back to the entry zone.
enter anywhere between 825-818 zone , keep your stop loss 805 levels few pips below the support entry.
Note
Trendline Break on 15 mins
snapshot
Note
Is this becomes flip area or Not We have to wait and see.
Trade closed manually
closed manually In the flip zone, But don't have a Negative conviction.

Disclaimer