SBIN - SHORT, TREND BREAKOUT, PATH PREDICTION
happy new year to all! the SBIN share recently broke out the uptrend both daily and weekly. and also the price is below the moving averages of 21, 50, and 100. so it's time to short the stock. here I have predicted the path and mentioned it in red and blue lines. even though the pin bar forms in the weekly candle at the support zone(in the chart) there is less chance it will go to 540. so wait for a breakout of the zone mentioned in the chart to short the stock. there is a chance for two patterns to form. either double top or head and shoulder. please wait for zone breakout if it does it will definitely touch 315.
please comment your suggestions, thankyou.
please comment your suggestions, thankyou.
Penafian
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