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 !
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.
(Disclaimer:...
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
