miraldesai

SBIN Break Out Trade

Long
NSE:SBIN1!   STATE BANK OF INDIA FUTURES
Technically on the daily charts we see major support on the downside @ 450 levels, whereas minor resistance on the upside is capped around 266 level
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and State Bank of India can Lead towards higher levels around 475/501 levels in Short Term very quickly .

For Educational Purpose Only

Watch Out comments section for live trade update.
Trade active: Long Trade Active @ 266.90 @ 3jan @ 10.33am SL 256
Trade closed: target reached: Sbin Bought @ 466 Target Achieved @ 501 ( Trade closed ).
Happy Trading
Regards,
MD

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