Last Traded Price@26336
Be careful & do not hurry to trade - we have bearish gartley prz(potential reversal zone) in 26550 -26575 -If you see BN holding that zone or getting resistance book your profits in the long trade & be ready to take reverse gear.
Downside Objective
1st Target downside could be 26400
2nd Target downside could be 26150 (Only if starts moving below 26400 & sustains below 26400)
3rd Target downside if starts moving below 26125
Review of SBIN
Our last trade in state bank is running in the money from 259-260 lows as expected & closed at 267 - we have stops modified to 261.40 as updated in the post & looking for 272 - 275 -278 target upside & later be ready to reverse if BN takes reverse gear.
Review of Hind Petro
We expected sell from 309-310 but price wasn't moving at the required rate so we have to be cautious & trade downside if it sustains below 306 to 295-297 zone else holding above 306-307 - it can bounce upside as suggested last for 312-320-330 levels.
Best Regards