SBIN - Hammer at support with low RSI ロング

STATE BK OF INDIANSE

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⋅ 2020年9月25日午後6時54分

Note: This is for educational purpose only.

There seems to be a hammer candlestick pattern formation which is formed at the previous support levels. This hammer is apparently seen to be forming at the lower band of Bollinger band as well. RSI has bounced from oversold zone.

Entry Price: ₹183
SL Price: ₹171
Target: ₹195 - ₹210

anarchylife

⋅ 2020年9月29日午前4時0分

SBI should hit 314-323 in less than 6-9 months.. i.e June 2021.Easiest/safest investment in town

LuckySangom

⋅ 2020年10月25日午後2時13分

no chance

ganesrhraja

⋅ 2020年9月26日午後4時48分

I second that. But hammer needs to be watched for another day. If it goes up tomorrow or if the candle is green tomorrow, that is a bullish signal

kalyanganguly

⋅ 2020年9月26日午後5時2分

@ganesrhraja, 100% agreed. Aggressive traders can buy on the high of the hammer.

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