State Bank of India forming bullish Engulfing on daily chart!
SBI has formed bullish engulfing candle on bottom of Bollinger Bands, in daily time frame
On 1 Hour TF; it has has closed above median line of Bollinger Band and formed bullish candle; with MACD crossing from below line and health RSI
Can go long in Intraday / Swing trading.
For Intraday, I am buying with SL-M of 285, with SL 1 ATR (Rs.10); trail SL to cost on jump of 1% and keep trailing for every 1% move.
Appreciate your comments with feedback, to improvise my analysis.
Regards,
Ravi B
On 1 Hour TF; it has has closed above median line of Bollinger Band and formed bullish candle; with MACD crossing from below line and health RSI
Can go long in Intraday / Swing trading.
For Intraday, I am buying with SL-M of 285, with SL 1 ATR (Rs.10); trail SL to cost on jump of 1% and keep trailing for every 1% move.
Appreciate your comments with feedback, to improvise my analysis.
Regards,
Ravi B
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