I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
HERE IS TRADE SET UP FOR SBIN AS PER WAVE THEORY SBIN IS IN 5TH WAVE AND TARGET ZONE WOULD BE 213 TO 222 IN NEXT WEEK WITH STOPLOSS OF 185 CLOSING BASIS FOR ONE DAY, WE CAN BUY SBIN NEAR CHANNEL SUPPORT UP TO 192 TO 196 LEVEL.
HAPPY TRADING FRIENDS.
In the last research of SBIN, I have given a buy signal at 170 for targets 189.5.
I hope you have remembered it..., aren't you?
Let me show here recent updated:
Part 1: SBIN, EWT support 171.5/176.5 key levels.
Now, Below 194.5, this stock can keep falling...
Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.
Point to be noted: Volume must be higher than average at the both key levels to take long position.
if sentiment remains strong, we could even see 182/189.5.
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