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SBIN - Breaking above consolidation

Por NeeteshJain
Atualizado
It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up.

T1- 261
T2-268
SL 248
Trade ativo
Trade ativo
Moving strongly above the consolidation and now shall reach t1 shortly. Thanks
Trade ativo
Trade ativo
Banking stocks moving from their lows.
Trade ativo
Trade fechado: stop atingido
SBIN hit the stoploss with the gap down but it is still at the strong support of 240-242 levels. Once it closes below it then the down trend shall continue otherwise we could see a sharp rally up in next session. Thanks
Trade ativo
SBIN did bounce back well from 240-242 support levels. Next hurdle would be to close above 256 levels in order to continue the rally. Thanks
Trade fechado: objetivo atingido
SBIN did rally after a short fall as expected and now reached above all targets.
breakoutCandlestick AnalysisconsolidationsbinSupply and DemandSupport and Resistance
NeeteshJain

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