ImageState Bank of India
Updated

Sbin

Image
585
The price opened with a gap up, unable to sustain and fall down towards the support zone 1030 - 1040. How the price reacts at this level will decide the trend direction. We can see the confluence of channel and support at the 1035 zone.
The daily chart shows the price is near the trend line support.
snapshot
Buy above 1040 with the stop loss of 1032 for the targets 1048, 1060, 1072 and 1084.
Sell below 1026 with the stop loss of 1032 for the targets 1018, 1010, 1002, 994 and 988.
Always do your analysis before taking any trade.
Trade active
Long. Nearing T2. High made 1059.45 so far. snapshot

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