SBIN - Breaking above consolidation
Updated
It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up.
T1- 261
T2-268
SL 248
T1- 261
T2-268
SL 248
Trade active
Trade active
Moving strongly above the consolidation and now shall reach t1 shortly. ThanksTrade active
Trade active
Banking stocks moving from their lows.Trade active
Trade closed: stop reached
SBIN hit the stoploss with the gap down but it is still at the strong support of 240-242 levels. Once it closes below it then the down trend shall continue otherwise we could see a sharp rally up in next session. ThanksTrade active
SBIN did bounce back well from 240-242 support levels. Next hurdle would be to close above 256 levels in order to continue the rally. ThanksTrade closed: target reached
SBIN did rally after a short fall as expected and now reached above all targets.
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