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praveen.bhatiya

3LR Pattern at significant Support Zone

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STATE BK OF INDIA (NSE:SBIN)  
praveen.bhatiya Actualizado   
NSE:SBIN   STATE BK OF INDIA
Support and Resistance Double Top or Bottom
11
5
supportandresistance doubletoporbottom
The stock is in downtrend but now showing sign of reversal. It has formed a 3LR pattern at significant support zone. RSI is also coming out of overbought zone. It seems to me a good trade setup with affordable stop loss. One can buy the stock for a target of 262 by providing SL of 236.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
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