Target based on trend Line.
SBIN not gonna settle at Support 1 because volume is so high and SBIN also reached below RSI30.
It means Selling pressure is still HIGH.
Gonna Touch Trend Line in next 2 Weeks.
Target can be seen on Chart.
Any Help will be appreciated.
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.
THE INFORMATION IN MY IDEAS IS PROVIDE FOR EDUCATIONAL OR INFORMATION PERPOSES ONLY.
THIS IS NOT FINANCIAL ADVICE.
ENJOY SOME PROFITS
MAKE SURE TO HIT THE LIKE/SUPPORT FOR MORE
THANKS A LOT
WISE YOU SUCCESS
With the weekly candle that was made by SBIN it is indicating that for the coming week It might not breach 307.5 and hence any rise should be used to sell with a breach of 295 levels a possibility.
1.) Sell 305 CE on rise,
2.) Sell 310 CE on rise.
3.) Sell SBIN futures on rise with SL of 307.5 and targets of 294.5/ 292.5. Adjust entry price as per Risk-Reward.
Buy State Bank Of India with SL of 262 and potential targets of 269/271/275.
Adjust trading volumes as per entry price.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully...
Sell State Bank Of India with a SL of 287.5 and a target of 282.15. Adjust your volumes as per the entry price.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for...