SBIN trade ideas
SBIN : Breakout Candidate (Flag Pattern)#SBIN : King of PSU Banks in a kind of Flag structure, Breakout Candidate Soon.
Good Strength in all 3 Time Frame (D/W/M)
Banking Sector will Grow as long as Indian Economy grows.
Take 10% & keep Trailling.
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STATE BANK OF INDIA INTRADAY SETUPA small correction in SBI ( State Bank of India ) long term market is still bullish and market moving towards a demand zone for a retest if there is a successful retest then market move above last high .....right now correction.
ENTRY @ 610
STOP @ 612 ( LOW RISK )
TARGET @ 598.50
SBI short sellI feel it's too much away from the moving averages.
72% lifetime high fail.
There is a negative divergence too.
There is trendline resistance too in daily.
Doji on top is also a selling confirmation according to candlestick patterns.
it is overbought territory too.
The 3 bullish waves are also complete and it's ready for a pullback.