state bank of india looks bearish in short term to medium term

2017년 7월 9일

head and shoulder pattern formed with a neck line around (281.5 - 280.5) level, which was a strong support also, which got broken later. Now price is retesting the broken level.

Here the pattern tgt - 256, and sl should be just above the right shoulder - 296.5 .

2017년 7월 12일

액티브 트레이드

cmp - 283.55, in daily time frame, bearish engulfing is formed at trend line resistance, looks bearish.

2017년 7월 14일

매매 수동청산

Looks like the underlying sentiment is changed from bearish to bullish, close above right shoulder will result in pattern failure