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Ethical_Bear
Mar 4, 2024 4:54 AM

Bearish view on SBI Short

STATE BK OF INDIANSE

Description

multiple rejection at the resistance range 777 to 770, can be a bearish week for this stock, lower level at 757 can be seen this week if price breaks below 770

Trade active

Price close to target, day low near 758.90. We can expect a reversal from low of 757, volume seems to be stable with downside view.

Note - if volume does not fall and price breaks 757 then lower level of 748.10 can bee seen in upcoming sessions. Though any even could change the views completely still price need to reject support in order to move up.

Trade closed: target reached

Comments
Ethical_Bear
well views can change based on price movement, though I am expecting a fall 😅
Shubham2197
What’s your view of SBIN after today’s movement??
Ethical_Bear
@Shubham2197 well views can change based on price movement, though I am expecting a fall after SBIN hits the target level of 793, a reversal can be seen.
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