Sbin
SBIN LONG HOLD FOR MORE OBSERVATION :-
TWICE RESISTANCE LEVEL 255 TOUCHED
***RSI*** ON ALL BIG TIME FRAMES
ABOVE 65 - 70 MARK
SAYS
BULLISH TREND CAN STAY ON
A DEFINITE BUY SEEMS ON CARDS
OR HOLD LONG POSITIONS FOR SOME MORE TIME
disclaimer - join your own study to enter trade
PREVIOUS SBIN LONG VIEW ATTACHED BELOW
SBI (5th Impulse Wave might be on the way)Breakout awaited in 1 hr time frame. One can go Long at 250 levels after breakout occurs for a quick target of 300
Already, there was a Cup & Handle breakout in Daily timeframe with huge volume which is all set to give multifold targets.
Conclusion : Keep adding on dips at current accumulation zone & patiently wait for the Big move.
T-Bar(trade-executable) reversal zone, for SBIN!How to determine the target after T-Bar ?
By utilizing Fib. Retracement, target can 38.2% first and 61.8% second. There's also important how to ride your profit which depends on many factors such as trailing SL, Volume, etc.
Targets are 227.55 and 211.75.
My previous work on this stock :
SOLD: (247-249): - I have activated to sell in TimeLine Notification .
First posted pattern: