In the morning I had shorts in small quantity with stop loss maintained just above 217. Once 2127 level got broken which is a very key technical resistance level for SBI, I decided to go long until 2145 to 2150
Maintain your SL at 2110 and aim targets of 2145, 2150, 2160
More buying interest seen with 2127 technically taken out. According to trend line an upmove is possible with downside contained at 2116 level
An inverted cup shape suggests that the downside is limited and more of upside possible
On fibonacci retracement level if 2125.5 gets taken out, which is 23.6% retracement then a steady upmove may come anytime during the last 1 hour period
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