SBIN short on break of neck line on 15m chart

SBIN short entry below 430

target 1: 424
target 2: 420
sl: 432

Sbin has broken below neckline of 430, we can take short entry from here for target of 424 and 420. We can take entry now at 429 or wait for pullback upto neckline at 430.

There is previous Monthly high of 427.7 which will give some support. Below it we can see fast movement towards our targets.

Trade chiuso: obiettivo raggiunto:

Sbin target 1 reached at 624

Trade attivo:

Pullback upto the neckline is a good point for reentry for trade on downside.
We got good price in range of 630-631 for short entry.
We can continue with Sl of 632.
or we can modify sl to 635 for our new reentry.

Commento:

Sbin made low of 422.15.

Trade chiuso: obiettivo raggiunto:

Bang Bang.
Our target 2 420 is achieved

Commento:

As our both targets are achieved we will look for downward move until we see a reversal for upside.

The next plan is to wait for SBIN to retrace and then Short again.

Till then we have achieved our targets.