SBIN - Deep Crab PRZ 300-320 -Be careful - 285- 280 & More
Potential Reversal Zone for The deep crab pattern comes in the zone 300-320. SBI has already kissed the zone at recent high@305 which is PRZ- So, be careful. If this PRZ zone holds resistance to SBI moves next then we can expect 280-285 downside & below 280 can be deep downside.
Most of the Banking Stocks are moving upside so we will wait & sell once we get confirmation from markets.
Trade ativo
19:05 Hrs 21st May2017
Last Price@308
We will sell below 304 lows or once SBI moves in the range 312-315 -previous tops & starts falling below 310 on a sustained basis for a short target- which we need to inspect once it starts falling below 304 as well.
Trade fechado manualmente
10:41 Hrs 22nd May2017
Last Price@299
Going below 304 - short target achieved -Closing the post
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