SBI Card, Technical Outlook 21May

21 thg 5

The degree and nature of separation in both bands indicates the start of a downtrend.
But the price has been trapped in the Darvas Box. So the breakdown of the box confirms the downtrend. And a short trade with a R/R - 1/3 can be planned with a stop loss of 724 if breakdown happens with momentum.

Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

25 thg 5

Ghi chú

NO change in the structure.
The price is following the same pattern.

29 thg 5

Ghi chú

The price could test the level of 693 and if broken then we see the levels of 680.

30 thg 5

Đóng lệnh: đạt mục tiêu

A target of 693 is achieved. Also the breakdown of the 693 has opened the levels of 680.