SBIN - Gets A Crack 289 to 259 - Feeling Better!
Diupdate
Last Update - SBIN - Butterfly in Stomach -Feeling Nervous
--------------------------------------------------------------------------------------------------------------------------------------
From the Last Update
09:36 Hrs 14th June 2018
Last Price@284.80
As I suggested earlier pattern is not invalidated until 161.8% extension of CD leg which is last PRZ (Potential Reversal Zone) for Butterfly Harmonic Patterns & Weak or Bearish Candle in 285-286 zone is the initial or early clue suggesting that pattern may work.
As precaution do not take sell / short trade if it holds above 285.
---------------------------------------------------------------------------------------------------------------------------------------
Trading Strategy - What Next?
Plan 1 - Harmonic B- Point @255 can be key support next - if SBIN holds above 255 -we can look for 270-272 & Above 272 on sustained basis for 285-287 -Finally Above 290 for 295-297 as Target
300 - Important resistance level on upside - If you get opportunity to sell close to 300 you may take dip & enjoy but no selling above 300 levels.
Plan 2 - Below 255 on sustained basis should not hold abve 2555 levels in that case we can look for downside target of 238 - 232 levels.
--------------------------------------------------------------------------------------------------------------------------------------
From the Last Update
09:36 Hrs 14th June 2018
Last Price@284.80
As I suggested earlier pattern is not invalidated until 161.8% extension of CD leg which is last PRZ (Potential Reversal Zone) for Butterfly Harmonic Patterns & Weak or Bearish Candle in 285-286 zone is the initial or early clue suggesting that pattern may work.
As precaution do not take sell / short trade if it holds above 285.
---------------------------------------------------------------------------------------------------------------------------------------
Trading Strategy - What Next?
Plan 1 - Harmonic B- Point @255 can be key support next - if SBIN holds above 255 -we can look for 270-272 & Above 272 on sustained basis for 285-287 -Finally Above 290 for 295-297 as Target
300 - Important resistance level on upside - If you get opportunity to sell close to 300 you may take dip & enjoy but no selling above 300 levels.
Plan 2 - Below 255 on sustained basis should not hold abve 2555 levels in that case we can look for downside target of 238 - 232 levels.
Trade aktif
11:55 Hrs 29th June 2018 Last Price@262
Magic of 255 - Let the journey begin! - Happy Weekend.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.