NeeteshJain

SBIN - Breaking above consolidation

Largo
NeeteshJain Actualizado   
BSE:SBIN   STATE BANK OF INDIA
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
Operación activa
Operación activa:
Moving strongly above the consolidation and now shall reach t1 shortly. Thanks
Operación activa
Operación activa:
Banking stocks moving from their lows.
Operación activa
Operación cerrada: precio stop alcanzado:
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
Operación activa:
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
Operación cerrada: objetivo alcanzado:
SBIN did rally after a short fall as expected and now reached above all targets.
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