SBIN has suggested earlier has filled the gap, but once it goes below 324( recent low), only below 324 expect breakdown of major support and fall towards 308/295. Rest classical and EW analysis mentioned on the chart
The price has successfully held the uptrend channel and support levels. Expect price to touch 2155/65 which will act as resistance, once it crosses same levels expect 2210/2255/2292 positional. Sl- 2177
Dips can be used
NSE:SBIN looking for a quick reversal as the stock has moved up 4% from today's lows due to overall index recovery.
Expecting a sell from 275.25 with SL 276.55 and three potential targets. More favorable target will be the 1st one as its a 1:1 rr and as the trade is against today's move in a short period of time.
Please Consult Your Financial Advisor...
THERE IS A HUGE DIVERGENCE IN THE PRICE RATIO GOOD TIME TO EXECUTE PAIR
STATISTICAL ARBITRAGE POSSIBLE
BUY SBI FUT @286
BUY SBI CASH @285.45
SHORT ICICI FUT @413
WAIT FOR MY EXIT SIGNAL!!
Bank Nifty has also given a huge drop and it may consolidate in the morning sessions, NIFTY BANK UPPER BREAKOUT is placed at 27866 followed by INTERIM RESISTANCE at 28070 followed by FINAL RESISTANCE at 28280, EXTREME RESISTANCE ZONE is placed at 2855028590, On the lower band LOWER BREAKOUT is placed at 28656 followed by INTERIM SUPPORT placed at 27530 followed...
A very great pattern spotted in KOTAK MAHINDRA BANK that whenever the Range breakout is done in KOTAK Bank as target of 50% of the range value is opened, Right now KOTAK BANK is trading between range of 14401552 followed by which if it gives breakout on the upper levels can give targets of 1600 easily, Please keep an eye on range breakout and sustaining, In this...