SBIN - Heading towards a Bilateral Pattern "Ascending Triangle"

Its creating a Ascending Triangle on a 4 Hrs daily chart. Around 6th August the trend can either go up or dip down. The entry point for SHORT is 186 and Target 180. The entry point for LONG is 201 and target is 220.

Yorum:

5 Aug, tested the resistance at 196 twice and rejected. 6 Aug is critical if its breaks the support of 191 may break the triangle downward.