SBIN is currently trading around ₹800 and is positioned at a crucial support/resistance zone (around ₹790–₹800). This level previously acted as resistance and may now act as strong support.
Before taking a trade, two scenarios should be clearly considered:
1. Upside Confirmation (for a Bullish Trade):
If SBIN closes above ₹805–₹810 with strong buying momentum, a long (buy) position can be initiated.
Target: ₹840 / ₹870
Stop Loss: Below ₹788
2. Downside Confirmation (for a Bearish Trade):
If SBIN gives a daily close below ₹790 and the support breaks, a short (sell) trade can be taken.
Target: ₹765 / ₹740
Stop Loss: Above ₹805
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
Before taking a trade, two scenarios should be clearly considered:
1. Upside Confirmation (for a Bullish Trade):
If SBIN closes above ₹805–₹810 with strong buying momentum, a long (buy) position can be initiated.
Target: ₹840 / ₹870
Stop Loss: Below ₹788
2. Downside Confirmation (for a Bearish Trade):
If SBIN gives a daily close below ₹790 and the support breaks, a short (sell) trade can be taken.
Target: ₹765 / ₹740
Stop Loss: Above ₹805
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.