SBIN--Bullish Outlook to Long ??
Observations:: SBIN
--->> Price is trading in a channel...
if we see the difference between the HH is decreasing gradually...
which is a sign of reversal in this stock...
clearly price created a gapdown as well, indicating a bearish sign....
we are clearly in an uptrend, price tries to go upside from 570-555 range,
but that not move too much..only 20-30 points we can expect.
Look for buy when price comes back to the below levels,
We have a demand zone,@540 levels, and strong movement to the upside is observed at 530 levels,
if we enter long in this area we will ride the trend again and only be exited at 630 levels only.
Keep a note on this levels, and also track this levels.
--->> Price is trading in a channel...
if we see the difference between the HH is decreasing gradually...
which is a sign of reversal in this stock...
clearly price created a gapdown as well, indicating a bearish sign....
we are clearly in an uptrend, price tries to go upside from 570-555 range,
but that not move too much..only 20-30 points we can expect.
Look for buy when price comes back to the below levels,
We have a demand zone,@540 levels, and strong movement to the upside is observed at 530 levels,
if we enter long in this area we will ride the trend again and only be exited at 630 levels only.
Keep a note on this levels, and also track this levels.
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--Educational Purpose Only--
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Penafian
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