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
sl-255 (closing basis)
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)
My analysis only based on TA not fundamental.
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...