Continuous Series of Lower Waist in SBIN

25 במאי 2020

SBIN is creating a continuous series of the lower waist in a daily Kagi chart started from 5th Feb indicating a bearish sign. But at the same time creating a very strong double bottom pattern at 151.80 levels. At this point fresh entry on any side should be avoided. The trader who is in a short position should hold the position with stop loss at 184.25. Traders who want to long their position should wait patiently and watch out the price action at this level. Because in case if it breaks this level then we have all the probabilities to see 2 digit price. So long traders should wait.
SBIN