TradingView
ParimalDevnath
24 Mac 2018 pukul 05.08

SBIN, Charts speaks Singkat

STATE BK OF INDIANSE

Huraian

It is all written in the chart, what the price is supposed to do. On 25.10.17 a Positive Divergence took price up with a big Gap due to govt. decision to make fresh capital infusion into the PSU Banks (it never worked, it will never work). A top was in place. Since that date price tried to catch up with that top but failed. This was the 1st signal of weakness. 2nd: Price came below 200 DMA. 3rd: 50 DMA crossed 200 DMA on the downside (deadly sign). 4th: Trade Gap got filled. 5th: A Shark Pattern (4th leg) failed (when a classic pattern fails, it means that price must move furiously on the opposite direction). 6th: Yesterday price breached the 'Earlier low'.
How many signals do we need to confirm a trend???
Now we shall see that all rises will be sold out.
Komen
salemrns
Then what is the bottom?
Lebih