SBI IN DOWNTREND STAY SHORT BELOW 184 SL 188 TARGET 178/174/170++ BUY IF CROSSES 190.50 SL 184 TARGET 198/203
Well look at the chart & see that it's pretty clear that at around 248 the RSI indicator almost touched 30 but then at 259 the rsi went down till 26. So a clear indication that people are bullish about this. we can buy at around 270 for a Rs. 40/- target to Rs. 310/-.
Looks bearish 1. short below 321.5 2. stop loss at 323.5 3. Target 318
SBIN Test Supplyzone Keep Watch retest If Fail Don't Enter Target 316-310
FIRST LET IT CLOSE BELOW 328 IN 15 MINUTE CANDLE ON CLOSING BASIS TARGET IS GIVEN WITH ARROW ALSO THERE IS A GAP AT 306.50 IT WILL SOME DAY BE FILLED AND MOVING AVERAGE IS STOP LOSS ON CANDLE CLOSING BASIS GOOD LUCK NOTE: TRADE AT OWN RISK PROFIT YOURS LOSS YOURS :)
SBIN :- Do U believe breakout? Plan A : If retest Done Target 308 & 333 Plan A : If retest Fail Target 277 & 263
Completing a brief pull back for prior fall, SBIN appears to have resumed bear trend. Previous low at 354 is taken down with a strong momentum; advantage bears. With over all market in risk off mood a recovery anytime is less likely, which means we could see further fall from current levels. Support levels are seen at 348, 342 (Fib level) and 336. (Disclaimer:...
Triangle pattern observed in SBIN. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of triangle is around 25 points. With confirmation of pattern occurring at 347.50, Target of the pattern comes in at 322.70. A retracement towards the pattern before further weakness cannot be ruled out. Notice that 334 could offer a good support.
SBIN is forming a bear flag on hourly timeframe. Explained in Charts.
Recent bullishness and last week close above 350 levels in SBIN warrants more attention. 325 to 350 region has been a zone of uncertainty with many failed breakouts. It should be noted that ATR during last week was around 18. The stock moved into a historical supply zone with 2ATR move of 35 pts. This calls for caution. The current sharp move upwards was...