SBIN : Simple Bullish Trend Continuation EntryNote : Unless some macroeconomic news affects banking sector, SBI has good potential to move up in coming weeks as most of loans written off & market has adjusted to that.
But Jun 14-16 with Fed meetings markets can react , Feds always do what they think right not what needs to be done.
The zone marked above has been tested 4 times, so I am expecting it will be acting as support zone around 200. With gap down opening market is right in our zone but if you wish to enter at better price to reduce risk,plan your entry. Anything above 1 is good for entry.
You can also use this for trend continuation for longer targets in SBIN. Don't trade bcos I posted, do your analysis if it convincing enough to take trade then enter.
Happy Trading !
