2-sell
SBI to reverse after an evening starSBI formed an evening start after an uptrend and is likely to fall till the next strong resistance.
Initiate short calls.
Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197.
NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Bearish Harmonic Shark pattern in NIFTYNifty structuring a Bearish Harmonic Pattern.
We also have a supply zone at the top, so we can expect the nifty to get reversed.
The price reversal zone is 11734 and SL is 11794
The targets are
T1- 11605
T2-11523
T3-11459
Please wait for reversal confirmation near our level..
Just my view.. :)