SBI - Price Action + Hidden Bearish Divergence
Atualizado
SBI is in a doji zone right now.
The Price Action levels have been marked on chart.
The stock is bullish above 188 for targets of 194, 197 and beyond.
The stock is bearish below 184 for falling to the levels of 178 if not beyond.
The 184 - 188 region is open for scalping.
There is a hidden bearish divergence as can be seen on the graph.
A lot will also depend on how BANK NIFTY behaves which broke a support of 21950 levels.
Keep an eye out for BANK NIFTY levels on Monday. There are several posts on BANK Nifty S&R for reference.
I have been bullish on SBI for 200 levels.
However the divergence has me re-thinking the position.
In case of gap-up opening on Monday: Short for 184 and watch the movement after that.
In case of gap-down: Follow ORB on 15 min candle
The Price Action levels have been marked on chart.
The stock is bullish above 188 for targets of 194, 197 and beyond.
The stock is bearish below 184 for falling to the levels of 178 if not beyond.
The 184 - 188 region is open for scalping.
There is a hidden bearish divergence as can be seen on the graph.
A lot will also depend on how BANK NIFTY behaves which broke a support of 21950 levels.
Keep an eye out for BANK NIFTY levels on Monday. There are several posts on BANK Nifty S&R for reference.
I have been bullish on SBI for 200 levels.
However the divergence has me re-thinking the position.
In case of gap-up opening on Monday: Short for 184 and watch the movement after that.
In case of gap-down: Follow ORB on 15 min candle
Trade ativo
Buy triggered at 188Trade ativo
T1 updated to 190SL updated to 186.5
Trade ativo
T1 updated to 189. SL updated to 188.2 (large lot size in play :))Trade fechado: objetivo atingido
Intraday positions closed. Still holding on to my 200 CE
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