Possibility 1
:-Gap fill and continue up trend
Possibility 2
:-Gap fill+ retest of falling wedge supply zone
but but!!!!
times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to
near 7500 levels
last trading day foreign investors sold a whopping 3500...
#SBIN - CMP 370.65. TECHNICALLY IT IS A BREAKOUT STOCK.
MADE GAP FILLING AND FALLING WEDGE BREAKOUT RETRACE OF RECENT SWING 50% CORRECTION.
GOOD SUPPORT NEAR 360-358. PRICE CAN GO FORWARD TILL 385-395-410-425 AND WEAK BELOW 354 CLOSING.
IT IS ALWAYS BETTER TO BUY NEAR 367-369 POTENTIAL RETURN IN NEAR TERM. 👇🏻
