Different scenarios to look out for in SBI technical chart.
note - Head and Shoulders pattern will be valid only if it gives a clean break of neckline.
Trade at your own risk and use good MM.
NSE:SBIN
Sell at resistance or sell at lower trendline breakout, whichever happens first.
A nearby resistance and bearish wedge technically indicates bearing really.
NSE:NIFTY
Please trade at your own risk and with proper MM
If there is a clean breakout of lower trend line, it will validate bearish wedge or rising wedge pattern. Then we can expect nifty to touch 9500 or even 9000 levels.
Trade at ur own risk, just giving my view point.
