SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW?
1.In my last post on sbi , I shared about bottom fishing in this stock. Where I made a green box to be area for would be bottom. But today"s candle confirmed The upper band of white zone sbi selected to be right area of bottom . You can see I circled that in green sbi took support in last week and crossed red channel . Til yesterday two candles above red channel were not providing enough information of true break out . But today candle fulfilled my taken out condition . Therefore, when price switched its sentiment then investor and trader should also switch his /her sentiments with price . stock market is game of sentiments one should know at early level the psychology of trend is being changed. today it confirmed I am sharing same day.
2. For investors this is the right time to invest in this scrip. Traders I made one red dotted line til price do not take this out , no shorts buy on dip is good strategy for this stock . In coming days second target will be achieved. Since sbi took support on upper end of zone so chances to reach green box is negligible ,consider only when red dotted line is taken out. Attaching last post for your consideration. Rest market will decide.
2. For investors this is the right time to invest in this scrip. Traders I made one red dotted line til price do not take this out , no shorts buy on dip is good strategy for this stock . In coming days second target will be achieved. Since sbi took support on upper end of zone so chances to reach green box is negligible ,consider only when red dotted line is taken out. Attaching last post for your consideration. Rest market will decide.
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