SBIN
Take Support in Trendline
So Entry - 585-590
SL below trendline or 20EMA candle close - 575
TGT-600 & 615
EXIT
1ST TGT With SL
2ND TGT With Cost to Cost or Trail
SYMBOL: SBIN
1. Bullish market structure
2. TRENDLINE SHOWN ON ABOVE CHART GO FOR SMALLER TF.
3. Trendline breakout Heading For R1: ~437+
4. Good Market Sentiment and Recent News
5. Support & Resistance zone: 433 to 437
6. Target:
Short term: 437+
Mid-Term: 442+
Long-Term:450+
7. IF BREAKS THE TRENDLINE THE TARGET WILL BE AS FOLLOW :
427 / 423 / 419 ...
All the levels are mentioned in the chart.
Sell if it closes 15 min candle below the support area for targets of 373. Again at 373 there is support so if it reverses than close the trade and if it breaks 373 level than again sell for the targets of around 357.
Sell futures and Buy ITM puts or write calls as per your comfort.
Please comment if you have any doubts
A mega project was awarded to State-owned construction firm NBCC Ltd worth Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.The prices had been showing some promise for the past few days but were curbed by the median line. However the strong breakout above the median line does spell well for the...
