SBIN - Chart for this week

Here, I have drawn levels and lines for SBIN which I'll use to
supplement my trading decisions for this week ( 20-24 March) .

Personally I'm looking for shorting opportunities, preferably intraday.

Sharing if it helps :)

Commentaire:

Monday update : Fell, recovered, unable to cross upper blue line. See how it behaves tomorrow. Stays below or crosses :)

Commentaire:

Personally, I'd look at lower timeframes to go deeper on what's happening. Won't be able to update live.

Commentaire:

Had a nice handshake with both the trendlines ;)
Now drawing a downward trendline would indicate more things.

Commentaire:

This is the new trendline to look for.

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On a much zoomed in level.

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Open below trendline making it a candidate for short. Weak.

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Took support at blue line, reversed with volumes. Stuck at the upper blue line.

P.S. Im not holding any position.

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Has broken out of the trendline with good volumes.

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See ! 2.25 % follow through after that trendline breakout ;)

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Amazing upmove from 266 blue line and great breakout from trendline.