I have seen in my career, many people interested in bottom fishing but unable to do so. Either end with deep losses or Stuck in that scrip. In fact everybody wants to buy low and sell high. But do not know what price structure is saying , without knowledge gets stuck in stock. Many SEBI registered panelist on air says it is impossible to find...
then looking for a swing long is a good all I can see otherwise Sbin still a dump.
1. Price following through a bearish parallel channel.
2. Everything looks bearish till price 166.30
3. Sbin dumping
sbin stock is almost moving in a strong support area .sbin can show upside move in ypcoming trading days, wait for proper rejection from support line .incase sbin break the support line in downside it can show major fall .
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 :)