SBIN
Updated
Hello and welcome to this analysis on STATE BANK OF INDIA
On FEB 15, it showed a very strong reversal after 5 days of steady decline from 550 to sub 500.
Currently on the hourly time frame it is completing a bullish flag and pole pattern suggesting upside levels of 535-540 as long as it does not break below 510.
Good Risk Reward set up here
On FEB 15, it showed a very strong reversal after 5 days of steady decline from 550 to sub 500.
Currently on the hourly time frame it is completing a bullish flag and pole pattern suggesting upside levels of 535-540 as long as it does not break below 510.
Good Risk Reward set up here
Trade closed: stop reached
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