Last Update - SBIN - Butterfly in Stomach -Feeling Nervous
-------------------------------------------------------------------------------------------------------------------------------------- From the Last Update 09:36 Hrs 14th June 2018
Last Price@284.80
As I suggested earlier pattern is not invalidated until 161.8% extension of CD leg which is last PRZ (Potential Reversal Zone) for Butterfly Harmonic Patterns & Weak or Bearish Candle in 285-286 zone is the initial or early clue suggesting that pattern may work. As precaution do not take sell / short trade if it holds above 285. ---------------------------------------------------------------------------------------------------------------------------------------
Trading Strategy - What Next? Plan 1 - Harmonic B- Point @255 can be key support next - if SBIN holds above 255 -we can look for 270-272 & Above 272 on sustained basis for 285-287 -Finally Above 290 for 295-297 as Target 300 - Important resistance level on upside - If you get opportunity to sell close to 300 you may take dip & enjoy but no selling above 300 levels.
Plan 2 - Below 255 on sustained basis should not hold abve 2555 levels in that case we can look for downside target of 238 - 232 levels.
Trade active
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11:55 Hrs 29th June 2018
Last Price@262
Magic of 255 - Let the journey begin! - Happy Weekend.
hello brother wats the target on upside? n what shud be closing price ?
WaveTalks
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@sharath333, Hi Sharath, I have mentioned in full details as Plan 1 in the update.
angelrishi
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Thanks so much. Please comment on Andhrabank also. In panic here as it broke 31.95 support.
WaveTalks
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@angelrishi, Welcome. Unfortunately Travelling at present & Andra Bank is new stock which will take time.
angelrishi
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@AbhishekHSinghCMT, Hi Abhishek, I did the analysis and feel safe. Holding for longer time so I cam exit will no profit no loss at 51 (seems like in 8 months).
But, thanks to be so kind. Side by side, i am sticking to intraday to raise the capital.
You're very kind. Best. Angel
@rashmiCH, I updated no selling if 255 holds - 255.70 was the low in above -- If SBIN holds above 255 - we look for 270-272 as mentioned in Plan 1 & 259 was target 1 which was achieved as per last update.
in.investing.com/equities/tata-motors-ltd-future-chart