SBI Sell (Triple top formation on daily chart)
Due to the formation of triple top
prices are expected to go down.
Major support zones or Take Profit areas:
400 (best TP: above 401 )
353(TP: above 356)(0.5 fib retracement)
332 (Historical supp/resist zone)
The price is expected to fall to around 353 and could possibly fall to 332.
SBI
Nifty, Banknifty and top stocks analysis for tomorrow + levelsRIL and IT stocks were under pressure today, dragging Nifty below 17k. Banks performed a little better despite pressure from PSU banks. Bajaj Finance (BAJFINANCE) has its results tomorrow, so let's see if it shows some wild moves! What are your views?
Simple Trade Setup | SBIN | 18-04-2022 [INTRADAY]NSE:SBIN
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.