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SBIN - Breaking above consolidation

Oleh NeeteshJain
Diupdate
It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up.

T1- 261
T2-268
SL 248
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Trade aktif
Moving strongly above the consolidation and now shall reach t1 shortly. Thanks
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Trade aktif
Banking stocks moving from their lows.
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Trading ditutup: stop tercapai
SBIN hit the stoploss with the gap down but it is still at the strong support of 240-242 levels. Once it closes below it then the down trend shall continue otherwise we could see a sharp rally up in next session. Thanks
Trade aktif
SBIN did bounce back well from 240-242 support levels. Next hurdle would be to close above 256 levels in order to continue the rally. Thanks
Trading ditutup: target tercapai
SBIN did rally after a short fall as expected and now reached above all targets.
breakoutCandlestick AnalysisconsolidationsbinSupply and DemandSupport and Resistance
NeeteshJain

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