SBIN LONG

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On the daily charts of SBIN, it can be seen that it is taking support of its recent trendline (yellow one) and there is a year old resistance too (green one). (OPEN CHART ABOVE)

Also, on the weekly charts, a breakout then a retracement kind of action is seen. Also there is a good buying pressure at the day end today.

This shows that soon a breakout is expected on the daily charts from the green line.

One may look for buying opportunities above 445 with good volumes and good candle body.

Expected targets could be 456, 471, 490.

Stop loss, considering buy around 445. could be at 425. TRAIL STOP LOSS

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トレード終了: 利益確定目標に到達
TARGET ACHIEVED
TOUCHED 465 TODAY!!!!
5% RETURNS!!!!

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breakoutChart PatternsFibonacci RetracementTechnical IndicatorsLONGmultitimeframeanalysismultiyearbreakoutretracementsbinswingtradingTrend Analysis

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