April 9, 2013

SBI Intraday update

UPDATED CHART
  • Breakout turned out to be a false spike out of the channel. When pattern fails it mostly gives good trades on the opposite side. Price re-entering  the pattern is a good place to take a short in this case. 
  • SBI Has given  a channel breakout shown in 15 Minutes time frame.
  • Immediate targets or resistance levels are 2071 and 2084
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1 comment:

  1. Hari Sreekanth UpadrastaApril 9, 2013 at 8:29 PM

    Hi San,
    Do you think SBI Broke neckline in H&S formation you mentioned before?

    ReplyDelete

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