Massive OI Short Covering seen today with the monthly expiry and BN bounced from 21600. Expect good upward movement tomorrow - either way. Positional Ideas Go long if it sustains above 188 on the 15 minute chart & BN retraces above 21950 for targets of 190, 193, 195.8 with SL at 184.8 Short only below 184.5 (sustaining below on the 15 min chart) for 182, 180,...
On the daily chart SBIN seemd to be n an upmove Any dip towards 184-185 to be bought into with a SL below 183 on closinig basis.. Targets are marked on teh cahrt. Happy Trading... Like ... Share... Follow.... Stay tuned
SBI bounce back from demand zone if crossed 190 resistance zone we can see good movement of around 5-8 points upside.
If SBIN stays above 190 on 15 min candle & BN sustains above 22150 Go Long for targets of 192, 193, 195.8 with SL at 188 If BN breaks 22500 - stay in for more upside targets
Same script as the last one linked below. Why change something that worked well. Short below 190 for 188, 186, 184.5 with SL at 192.5 Go Long above 192.5 for 194.5, 195.8 with SL at 190 Trade with a strict SL & a stricter trailing SL for intermediate targets - both upside and downside can see large movements beyond the targets mentioned & only to retrace...
Breakout Strategy
I hope you can now see how the 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 that the...
Hello Traders, this one is positional trade strategy. SBIN is trading at verge of breakout level. Its above support line with no trend reversal signs, but far below resistance. If it picks momentum and breaches 202, be prepared to reap profits. Enter/Buy the stock which is on journey to 244. On crossing 248, it will head towards 280. These levels are expected...
Sbi forming an ascending triangle pattern and can give a breakout for long entry. target 240 SL 190
107 day under high is 200 rs, prcie stay below 200 for 3 months, if it breaks will be positive. wait and watch
CMP-198.25 today it had breache its multiple time resistant at 198 with good volumes. it it sustain then it open up the possibilities of higher targets. the next reistane level is the 100DEMA which is around 204. target of next week would be 219( Fibonacci level .618) and if it crosses then 240 which is 200DEMA. other indicator, RSI-61.8 at camp, shows strength...
Short below 190 for 188, 186, 184.5 with SL at 192 Go Long above 192 for 194.5, 195.8 with SL at 190
Initially move like choppy and whenever price hold 205 to 215 then it will touch 230 to 245 within a month. Cheers! Buy sell is your choice.
I hope you can now see how the 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 that the...