Reasons to Buy 1. ABC Pattern 2. Fibonacci level @ 0.5-0.6 3. 50 MA Crossover PROFIT - 1 LOT * 373 = 25*373 = 9325 PERFECT STRATEGY WHEN THE CROSSOVER OCCURS
Reasons to Buy 1. ABC Pattern 2. Fibonacci level @ 0.5-0.6 3. 50 MA Crossover
IT'S GOING TO TOUCH ITS PREVIOUS HIGH WITH THE SAME PATTERN!! AS THE EMA SHOWS CLEAR UPWARD MOVE
IF THE MARKET BREAKS CURRENT TREND IT HAS A HIGHER CHANCES OF GOING UP ACCORDING TO THE EMA 9/20/50 WHICH INDICATES A CLEAR DOWNWARD MOVEMENT. HOWEVER THERE IS A LOT OF LIQUIDITY TO BE COLLECTED AT THE SUPPORT POINT THE MARKET CAN COME DOWN AND COLLECT THE LIQUIDITY AND IT WILL MOVE UP ??
SUPPORT AND RESISTANCE OF SBIN FOR THE DOWNTREND, IT SHOULD BE IN THE DOWNTREND AS EXPECTED VOLUME HAS ITS ALL TIME HIGH OF 415 INR