SBIN -Inverted Cup and Handle -Daily - Bearish
SBIN—Inverted Cup and Handle—Daily—Bearish
Stock closed below good support level 795 with good volume.
Good to buy puts if it retests the neckline—support level 795.
As on Sep 8th, It looks like nifty will be gaping down due to US market has fallen on Sep 6th and GiftNifty indicates gap down also in Nifty50 so we may see the price can go down.
SL - 795.
Target - 691
755 which is 200 EMA can act as support
OI information:
CE OI - 820 which can act as resistance
PE OI - 780 will act as support; we need to check on 9th Sep if we have a gap down , the price can test the 691 level.
Always welcome for any comments with your feedback, or give it a like if you find it useful.
Stock closed below good support level 795 with good volume.
Good to buy puts if it retests the neckline—support level 795.
As on Sep 8th, It looks like nifty will be gaping down due to US market has fallen on Sep 6th and GiftNifty indicates gap down also in Nifty50 so we may see the price can go down.
SL - 795.
Target - 691
755 which is 200 EMA can act as support
OI information:
CE OI - 820 which can act as resistance
PE OI - 780 will act as support; we need to check on 9th Sep if we have a gap down , the price can test the 691 level.
Always welcome for any comments with your feedback, or give it a like if you find it useful.
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