SBIN: Chart set up
SBIN
Observations
- currently at the top end of the channel
- it may come down towards 513-508 (recent low) / 493-488 (200 day EMA zone)
For the current month, one may consider to sell 550 call option.
SL Exit if SBIN closes above 545 in Spot.
any dips towards 508 / 480 would provide better risk::reward ratio to go long from medium term perspective
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Observations
- currently at the top end of the channel
- it may come down towards 513-508 (recent low) / 493-488 (200 day EMA zone)
For the current month, one may consider to sell 550 call option.
SL Exit if SBIN closes above 545 in Spot.
any dips towards 508 / 480 would provide better risk::reward ratio to go long from medium term perspective
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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