This is Muthu
Following are my analysis:
1. cup and handle pattern and inside flug pattern formed price movemetum
2 that is break out and healthy retracemmt done ,
3. right good entry u can expert target zone .
SBIN has been consolidating for past two months, and has formed a Cup and Handle pattern (take a look at the chart). Also it has been following a trendline, shown in the chart, currently trading near this trendline. Testing Fib level 1.618 of two distinct trends of past. Interestingly, the height of cup & handle pattern coincides with one of the Fib level (shown...
NMDC: good risk-reward and on good supports and good breakout small one a big movement pending keep an eye
SBIN: might not give direct movement but still a good breakout as per the structure
MotherSUMI: Good structure keep an eye big rewards can be claimed :)
Cup And Handel Pattern In SBIN
Entry And Target Given In Video For Short And Long Trade
Short Position For Risky Traders, Safe Traders Please Avoid Short Trade.
For Any Query Contact Me In Comment Section.
Buy- Above 373.5
SL - 370
Target- 376 380 385 390
SBIN has given a decent correction . we are going to capture the retracement of that fall. Buy from the given levels. Also be ready to short from 387-389 in intraday.
Short @ 387.5
TARGET- 385 380
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The stock is trading in a range from the last few sessions, 400-385, and breaking this range on any side would give a good trade opportunity.
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InvestPro India Team
as one can see its bearish harmonic pattern, sbin just got break out so one can long till above dash line and book only if find reversal seems like trend has just started.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do...