Evening star at upper trendline test for SBI
With Nifty being in overbought levels, we see SBI at the upper trendline. Although it broke to the upside, we see classic evening star formation at the upper trendline.
I would be cautious if I'm long here. You might want to sell your position partially and wait for a pullback towards,
T1 - 200
T2- 195
T3- 189 for short term.
I would be cautious if I'm long here. You might want to sell your position partially and wait for a pullback towards,
T1 - 200
T2- 195
T3- 189 for short term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.