Please find attached chart of SBI.
to my untrained eye, it looks like a HnS developing.
Please confirm the same and also your views on the bearishness of the scrip in near future.
Please find attached chart of SBI.
to my untrained eye, it looks like a HnS developing.
Please confirm the same and also your views on the bearishness of the scrip in near future.
My view - 2140-2150 will not break in next 1-2 trading sessions ( cant say about gap down opening but after 9.25-9.30 ) hold longs in dip with 2140 stop for targets like- 2240-2280 .( my accuracy very less , please do trade with own mind ) :clap::clap::clapping:
my view- sell gold in mcx at 25600( only at 25600 ) stop- 25775 target- 25450-25000-24700 ( 5 trading days ) .. trade with own mind , i m kid analyst in TJ :clap::clap::clapping:
Babu, I was wondering if you noticed something. Your stop loss is 1768 and my containment is 1757. Very similar results for very dissimilar methodologies.
IMO, for valid Pin Bar setup, the Bar should break Previous bar's High/Low and close within the Previous bar. Today neither the High nor the Low of Yesterday is broken.
IMO, for valid Pin Bar setup, the Bar should break Previous bar's High/Low and close within the Previous bar. Today neither the High nor the Low of Yesterday is broken.
I'll have to go through the Pin Bar System thread, being not very familiar with the system, but I just remembered it. It is a sort of harami candle today, isn't it?