InsiderB

SBI : That Potential Cypher...

NSE:SBIN   STATE BK OF INDIA
In SBI, we have perfect-potential cypher formation if all goes as expected we will be getting reversal around the 305's zone to downside. RSI also looks bit oversold but on cypher completion it may go well above current levels.

Aggressive traders can enter Right on touch of 305's zone
Conservative traders look for additional setups in the zone or an reversal before entering !

Moreover Trade only if you have traded harmonics earlier, if No, its not at all a problem, Look for other simple setups in the same zone in SBI. As we usually say, all strategy's are good as long as it's followed with discipline, there is no need of complex ones.

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