AbhishekHSinghCMT

SBIN- Another H&S Pattern with 271 as Head

Short
AbhishekHSinghCMT Updated   
NSE:SBIN   STATE BK OF INDIA
13
If the neckline gets broken - measure the vertical distance from head to neckline which is shown as the 21 point range.

Now Duplicate that 21 points below neckline which comes to the zone 230-240 as the ideal target zone for H&S .


Regards,
Abhishek H. Singh, CMT
Trade active:
13:59 Hrs 21st Sep2016

SBIN Broke the Trendline

SBIN trading at 252-253 zone likely sometimes in H&S pattern - prices go back to kiss the trendline again so always book some profit & if you see a bounce & resistance at same trendline -this time trendline should work as resistance so one can plan for joining back in bears camp -always confirm at your end.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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