SBI : Consolidation in a Triangle

前天

SBI is consolidating in a Triangle Pattern.
It has 2 Options
Breakout Above : Close above 860 then buy it with stoploss of 820 tgt 1030

Breakdown Below : Close below 770 then sell it with stoploss of 830 tgt 605

in current scenario where Banknifty is struggling to close above 51350 and
very likely to breakdown.

In this SBI will not be spared n it will go along down with it.

wait for the decisive close.


Put Stoploss on closing basis.

(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series

NOTE : I am not SEBI registered advisor in capital market.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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