SBI is showing breakout (with Volume) + Re-test pattern. It followed same pattern previously. The target can be below previous support- ~241
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.
Symmetric triangle breakout done.... SBIN expected to move as per levels mentioned
Sustaining above 602 might push towards mentioned levels on the chart. Regards
NSE:SBIN Everything explain on chart
Buy if the the there is a bounce back off the support trendline. NSE:SBIN Please like and follow.
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...
Buy @ CMP CURRENT MARKET PRICE First Sell Target @ 250 Second Sell Target @ 260 Final Sell Target @ 299
BANKNIFTY KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 19/11/2020 THURSDAY EXPIRY TRADE WITH STRICT STOP-LOSS AND FOLLOW RISK MANAGEMENT
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 19/11/2020 TRADE WITH STRICT STOP-LOSS AND FOLLOW RISK MANAGEMENT