IIT-Trader

SBIN--Drop base drop formation??

IIT-Trader Updated   
NSE:SBIN   STATE BK OF INDIA
Observations::
This is a continuation post to my previous post about SBIN::

Consolidation Happens between the demand zone and supply zones. Price restriction is happens between the zones.


While breaking the previous demand zone, price leaves a supply zone @586-590 range,
if price wants to test this supply zone and falls below or continue to fall down.


A Drop -Base-Drop is going to be observed, we have left with drop formation, if price breaks the smaller trendline will observe a fall towards target 1 and target2.
keep track this instrument.
Comment:
Still in the range, test of supply or break of supply is going to happen today, keep watch these levels.

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