We should wait till MACD Crossover to get a good momentum to reach 272-274 zone. Sl -below 255 closing basis. Remember Sbin still in bearish phase as per my analysis. entry at 261-262 tgt-271-273 sl-255 (closing basis)
My analysis is straight forward and simple . long scenario : If nifty break the green line and stay above 10150 and also break the downtrend Red line then we see 10300. Short scenario: If nifty stay below the green line then our target is 0.23fib = 9857. Ichimoku shows bearish scenario. MACD show a bullish crossover but still we need RSI confirmation which is...
1Day chart we saw bullish MACD Crossover and RSI over 50. Ichimoku analysis shows bullish sign for this stock . Go long with SL 108.50 closing basis. and target T1= 117 (0.78fib) T2= 124 My analysis only based on TA not fundamental.