Weekly analysis of SBIN.Surely a negative divergence is seen as price is maiking higher highs, but rsi is making lower low in weekly time frame. Consider making new position only and only when rsi breaks the trendline and closes above 70. Then new rally will start again towards 700. And if anytime prices goes below 430 short SBIN for a target of 400.
Join my tele channel (BANKNIFTY HARMONICS AND PRICE ACTION) for positional trades in banknifty.
Join my tele channel (BANKNIFTY HARMONICS AND PRICE ACTION) for positional trades in banknifty.
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.