SBI Bank was following downward channel.
took support at the trendline which was earlier resistance line.
trading above 200 EMA on daily timeframe.
50 EMA line is acting as resistance on 1 Hour chart.
Resistance line is marked as Red Line.
Support Line is marked as Orange Line.
Volume is reducing continuously.
It as range bound since few days ready to blast upside or downside with volume.
Resistance Levels are 463 - 479 - 491 - 500 - 506 - 515 - 532.
Support Levels are 451 - 444.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
took support at the trendline which was earlier resistance line.
trading above 200 EMA on daily timeframe.
50 EMA line is acting as resistance on 1 Hour chart.
Resistance line is marked as Red Line.
Support Line is marked as Orange Line.
Volume is reducing continuously.
It as range bound since few days ready to blast upside or downside with volume.
Resistance Levels are 463 - 479 - 491 - 500 - 506 - 515 - 532.
Support Levels are 451 - 444.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.