SBIN CHART BEARISH ENGULFINGSBIN CHART BEARISH ENGULFING 1 Day time frame
so hello guys open your eyes and see this chart, SBIN Sustain upper level hold, (RESISTANCE), and all time and 4th time test this resistance area so open your eyes and see this chart.
sbin bearish engulfing candle create perivious resistance.
UPPER LEVEL- 620 RESISTANCE
SUPPORT- 610 TO 603
HAPPY TRADING.
Wapp Number- 9898774952
SBIN trade ideas
State Bank Of IndiaLong Term Tend is bullish still and stock didn't break the trend line but always swinged upside from the trendline as long term view. So according my decision and analysis if stock go down from the trend line we should take the buy on dip strategy in the biggest PSU bank of India.
According the news brokerage houses are bullish on this stock.
It is not my recommendation. It is my own study and analysis. Kindly invest after concern your financial adviser.
#largecapstock #Nifty50 #Longterm #fundamental
sbi has formed a bull trapit seems as if it has taken 1.618 level at weekly close basis. but meanwhile closed at .889 level of the previous swing high . So, for me it looks like a bull trap and I will short it for target 580 till 15th august.
take care and happy trading. and my stoploss will be 626 daily close.