CLOSED

SBIN
Stoploss Triggered

357.2 -4.24%
Close Price
(2021-03-25 03:49:59)
373
Entry Price
(2021-03-23 10:55:00)
388.8
Target Price
 
357.2
Stoploss
 
Enter above 373 | Created on 2021-03-22 18:11:32 and valid till 2021-05-31 18:30:00

Trade rationale

RSI

combination of trendline and rsi divergence. and inside bar candlestick . entry: 373 target= 388.8 sl 357 daily timeframe analysis Prices took support in the gap area on 21st march and made a inside candle on 22nd march Signaling a decline in momentum on the downside. 60min timeframe analysis: prices can break the trendline citing bullish divergence in 60 mins chart. bringing all things together , support from gap area,inside bar, bullish divergence and a trendline break can be a very good opportunity to go long . expecting a minimum 1:1 risk to reward ratio.