MOMENTUM TRADE IN STATE BANK OF INDIA
VIEW
-MORNING STAR DOJI(VERY BULLISH)
-MOMENTUM INDICATOR REVERSAL
-200-DMA SUPPORT
TRADE VIEW:-
DEC FUT
BUY@322
STOP@314
TARGET 1@332
TARGET 2@337
LOT:3000
QTY:2
IF IT CLOSES BELOW HORIZONTAL LINE IN 20 MINUTE CANDLE TWO TARGETS FOR SHORTS GIVEN ALSO TWO TRENDLINES MIGHT WORK AS SUPPORT
NOTE: TRADE AT YOUR OWN RISK
IT IS RESPECTING BROADENING PATTERN IF IT CLOSES BELOW LOWER TRENDLINE IN 30 MINUTE CANDLE TARGETS FOR SHORTS ARE GIVEN BUT IF IT TAKES SUPPORT TARGET IS UPPER TRENDLINE FOR LONG SIDE
NOTE:TRADE AT YOUR OWN RISK
it has declared good results today(26th october 2019) once it breaks channel line and closes above it target is the GAP which is mentioned on chart that is 300 stop loss is 277 as mentioned
NOTE: please do your own analysis this just for educational purpose
Hare Krishna !,
Showcasing some technical confluences for a possible alternative outlook.
A break an close above the channel will open doors to 315
All in the chart.
Good Luck
Looking to Buy SBIN @ 269.80
SL @ 260
TGT 1 @ 278
TGT 2 @ 290.
This is a purely counter trend trade and is slightly more risky than usual.
I am going to take a very small risk on this one.
HARIBOl !
