Time to buy SBIN?Falling wedge in SBIN and PSU index is also showing a falling wedge. Buy only above 165. Target 220-240
Sbinbreakout
SBIN :- Do U believe breakout?SBIN :- Do U believe breakout?
Plan A : If retest Done
Target 308 & 333
Plan A : If retest Fail
Target 277 & 263
SBIN | Bears gaining strength - Important supports under threat 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: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
SBIN | Triangle pattern observedTriangle 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 ready to break lifetime and set new record @in_tradingviewNSE:SBIN
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