SBI- Monthly Channel Breakout

2월 29일

Descending channel, top trendline connects the resistance points (lower highs) and bottom trendline connects the points of support (lower lows).The price broke out of the descending channel twice and rallies 15-20%.

Volume - low during correction phase and spike in today's session.

RSI - indicating momentum and relative strength in stock.

Fibonacci Retracement Levels - 78.6%

15 min chart
Descending channel breakout

2월 29일

노트

Monthly Chart
Channel breakout !!

2월 29일

노트

Stop Loss below Rs 700 ; Target Rs 900

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