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NeeteshJain
6 de Oct. de 2017 5:15

SBIN - Breaking above consolidation  Largo

STATE BANK OF INDIABSE

Descripción

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.
Comentarios
R-Begusarai
Yes...breakout happened at 252...will tast 270 within 4-6 days
NeeteshJain
@Religare-Begusarai, Yes, just hoping that move comes soon. Thanks
yashmatta
why 256 ?
NeeteshJain
@yashmatta, To create a higher high. Thanks
RazaAlam
exit ker jaun bhai?...below 248
jayadeepreddy
@jayadeepreddy, at critical zone as per fibonacci..
MrAkshatP
nice sir
yashmatta
@NeeteshJain updates ?
NeeteshJain
@yashmatta, Until the price action is above support zone, it has high probability to go up. Thanks
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