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SBI - Swing Opportunity

Discussion in 'Technical Analysis' started by yankeedin, Aug 31, 2016.

  1. yankeedin

    yankeedin Responder

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    My view is SBI can be bought @ cmp of 252.30 with SL of 245, target 260.

    Disclosure: I bought it today @250.50
    SBIN_Daily_30-08-2016.png
     
    yankeedin, Aug 31, 2016
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  2. yankeedin

    yankeedin Responder

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    I bought it checking hourly chart once it broke resistance of 250 and pushing above downward trend line as in attached hourly image
    SBIN_Hourly_30-08-2016.png
     
    yankeedin, Aug 31, 2016
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  3. shabbir

    shabbir Administrator Staff Member

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    The chart looks awesome and it seems there is a breakout above the trending line.
     
    shabbir, Aug 31, 2016
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  4. caringvij

    caringvij Active Member

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    SBI is a slow moving stock. How long will it take to reach 260?
     
    caringvij, Sep 1, 2016
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  5. nirajshah

    nirajshah Champion

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    You don't expect huge moves on index stocks either

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 2, 2016
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  6. yankeedin

    yankeedin Responder

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    There is no guarantee that stock will reach 260, expecting it will hit 260 based on technical analysis.
    That is why we need to always respect SL.
     
    yankeedin, Sep 2, 2016
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  7. caringvij

    caringvij Active Member

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    True


    Sent from my XT1079 using DIY Technical Analysis mobile app
     
    caringvij, Sep 2, 2016
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  8. nirajshah

    nirajshah Champion

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    So true.

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 2, 2016
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  9. yankeedin

    yankeedin Responder

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    By the way, even with small movement, this week was very good for me. I made handsome profit:D
    Capture.PNG
     
    yankeedin, Sep 2, 2016
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  10. shabbir

    shabbir Administrator Staff Member

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    Party time.
     
    shabbir, Sep 3, 2016
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  11. yankeedin

    yankeedin Responder

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    Even the slow moving stock SBI hit target of 260
     
    yankeedin, Sep 6, 2016
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  12. nirajshah

    nirajshah Champion

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    Yes so true and market today was phenomenal
     
    nirajshah, Sep 6, 2016
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