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InsiderB
23 Th08 2016 03:21

SBI : Head & Shoulders - Near breakout zone 

STATE BK OF INDIANSE

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Neckline of this head n shoulders pattern is about to get breached and SBI is just hinging on slight support zone around there. We don't know how the markets gonna open today & Nifty also plays a part in opening,so it may be repelled up or can breakdown.We will enter this trade setup only if SBI has valid bearish close below 254 and when the price pierces into the Gap zone which always act as support.

Happy Trading !
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AMBRISH
Thanks,
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