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SBI Counter Trend Trade : An Analysis
STATE BANK OF INDIA
Long
SBI Counter Trend Trade : An Analysis
By InsiderB
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Updated
May 26, 2016
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May 16, 2016
Markets always has tendency to fill gap zones.
If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone
1618 is more valid ratio & we can expect market to move up after reaching the zone.
ABCD pattern completion also in same zone.
This is 4h chart of SBIN so will take time to complete, just keep it your radar
Happy Trading !
May 26, 2016
Comment
I hope you guys got in this trade..
May 26, 2016
Comment
Exited half of my positions and whatever comes after this is certainly extra :)
abcpattern
confluence
countertrend
gapup
NIFTY
nifty50
SBI
sbin
InsiderB
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