Flag and pole pattern in SBIN but there is a twistThere is a flag and pole pattern breakout in SBIN. But the breakout is not that much strong as volume is low. So, there is a high chance that it could make a double top or bull trap. It's a kind of wait and watch situation. If it breaks the high with large volume it will be a good swing trade.
Trade ideas
SBI HAS BROKEN A STRONG SUPPLY ZONE. ASCENDING TRIANGLE PATTERNSBI has broken out of the ascending triangle and also broke a strong supply zone.
The price broke the supply zone and a pullback has been seen. The price took the support of the zone and the trendline successfully.
The target is the height of the ascending triangle above the breakout level. So, it comes out to be around 540.
Stop loss must be placed below 470.
Happy trading :)
Arrow of time on SBIThis is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience.
Pivot point to form at 500, as per arrow of time analysis.
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