SBIN - Harmonic & Waves- Kissed 280 Target- Irregular Flat

21 apr 2017

Previous Post - Harmonic Sell Below 288 for 280

Currently, looks as a irregular flat which is unfolding in wave-2 where possible test of 235-240 zone can be reality in couple of months as that zone has formed multiple supports so it will be of prime importance to us.

In future if 235-240 zone supports then we shall plan to buy "State Bank of India - Stocks- Nothing else"

Key Level- 297

Trading Strategy

Any bounce we will take sell with 297 as strict stops or we keep checking interim for unusual price behaviour-if any -I shall keep posting.

Next Support Zone - 274-275

Long Term Target for 235-240

24 apr 2017

Trade attivo

11:23 Hrs 24th April2017

Last Price@282.50

We will not hurry here & want 280 to be taken out downside now to see the structure & shall decide to sell on the bounce so we will wait in current situation as Bank Index is strong.