NSE:SBIN looks bullish on 15 min chart with ichimoku cloud showing bullish breakout. RSI looks to be trending bullish. Initial immediate targets looks 192.10/194.55 with immediate Stoploss of 187.25 for risky traders or for brave traders 186.30/185.25. For swing traders first target is 202.50 and then with trailing stoploss till 210-215.
If you are interested in what sectors are doing good, look for this analysis in related ideas.
"Initial immediate targets looks 192.10/194.55 with immediate Stoploss of 187.25 for risky traders or for brave traders 186.30/185.25. "
In-fact today it has closed exactly at 61.8% retracement 194.55. If it closes above next session the original trend of 202.50 and above will be intact(it for some time stayed above 194.55 today). tomorrow is crucial. Another positive is today's move was on better volumes than yesterday. And we are fast approaching 3hour Ichimoku breakout. See the picture
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Breakout confirmed on 3hour time-frame. This looks good. Change the SL to 191
Breakout confirmed on 3hour time-frame. This looks good. Change the SL to 191
SiddRidd
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Daily Chart is showing inverse head and shoulder (which my many fellow chartist have identified) but problem is missing volume on head. Lets see if market ignores it ?