SBIN trade ideas
STATE BK OF INDIA 1HRBearish GARTLEY Strong PRZ
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
Low volume shows no interest to the downside from “Smart Money” so prices will not go lower..
RED HORIZONTAL LINES ARE Daily RESISTANCE & SUPPORT ..Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE Vertical dotted line is ULTRA HIGH VOLUME i.e PROFESSIONAL MONEY .Price on breaking of ULTRA HIGH VOLUME Candle LOW with No DEMAND i.e place to SHORT (No demand means volumes lower than previous two )...REVERSAL From GARTLEY or BIGGER Shark ?
Potential SELL
#Sbin was in Sideways Sbin was in sideways and did not perform as expected and did not give an opportunity for short but we can go for buy postion(Long) Target- 194- 195 a strong Resistance with 187.50 Support for swing trading...
For intraday short wait untill breakdown below 187.50 target- 185.
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