SBIN - Divergence
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SBIN on the hourly charts is exhibiting a clear divergence.
A similar divergence can be seen on the stock's fall from 171 to 150 and how it retraced from there!
The stock is trading between key Support and Resistance levels of 178 and 171. As I had mentioned on my earlier analysis, 171 is a major support and the stock is expected to bounce back from there.
A clear break above 178 should see the stock retracing back to 190 which is the next major support.
A similar divergence can be seen on the stock's fall from 171 to 150 and how it retraced from there!
The stock is trading between key Support and Resistance levels of 178 and 171. As I had mentioned on my earlier analysis, 171 is a major support and the stock is expected to bounce back from there.
A clear break above 178 should see the stock retracing back to 190 which is the next major support.
Nota
If stock closes at 176-177 levels today - watch out for breakout tomorrow!Trade attivo
Nota
Doji Highway on the 15 min chart - Should break on the upside. Holding onTrade attivo
SL Adjusted to 183Trade chiuso: obiettivo raggiunto
Trade attivo
R Shorting SBIN at 191; Target 188.5; SL 191.5 will go Long again at 189 for targets of 196
Trade chiuso: obiettivo raggiunto
Closed manually at 189. will go long tomorrow. Watch the updated SBIN idea.
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