SBIN may give a break out of the consolidation zone.
SBIN has been trading in a zone and on the weekly time frame has closed near the resistance zone.
The stock has been trading above the weekly 20 ema and has given an bullish engulfing candle.
On the daily time frame, the stock has formed an inside candle.
If the stock breaks above the consolidation zone, nice targets can be achieved.
Higher time frame break out can give a nice movement.
Support :- 509, 490
Resistance :- 543, 580(monthly fib level)
Only go for a bullish trade if the stock closes above 543 on the daily time frame.
Intraday and swing trades can be initiated in the stock.
The stock has been trading above the weekly 20 ema and has given an bullish engulfing candle.
On the daily time frame, the stock has formed an inside candle.
If the stock breaks above the consolidation zone, nice targets can be achieved.
Higher time frame break out can give a nice movement.
Support :- 509, 490
Resistance :- 543, 580(monthly fib level)
Only go for a bullish trade if the stock closes above 543 on the daily time frame.
Intraday and swing trades can be initiated in the stock.
Publikasi terkait
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.