TradingView
InsiderB
16. Mai 2016 10:00

SBI Counter Trend Trade : An Analysis Long

STATE BK OF INDIANSE

Beschreibung

Markets always has tendency to fill gap zones.

If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone

1618 is more valid ratio & we can expect market to move up after reaching the zone.

ABCD pattern completion also in same zone.

This is 4h chart of SBIN so will take time to complete, just keep it your radar

Happy Trading !

Kommentar

I hope you guys got in this trade..

Kommentar

Exited half of my positions and whatever comes after this is certainly extra :)
Kommentare
booze765
my target was more like 157 but this looks good too
InsiderB
150's are possible if 190 acts as resistance, anyways closed half of my positions !
AMBRISH
Thanks.
VladimirRibakov
Technically it looks good. Nice setup! Good luck - Vlad
InsiderB
Thank you Vladimir :)
booze765
your target 201 succesully . what next now ? 240 ?
InsiderB
No, I exited all my positions today. 240 is greed in my humble opinion
booze765
great call ! got stopped out . do you see heading it further up _
InsiderB
@booze765, Sorry to hear about your loss, but AB=CD pattern in this SBI chart was for long trades & I suggested to buy around 170's
AMBRISH
Thanks,
Mehr