SBIN may give an good upside move
Descending Broadening wedge is forming after strong uptrend on 1 hour TF of State Bank Of India(SBIN). It does not mark the exhaustion of the Sellers, but the buyers’ ambition to take control.
This descending broadening wedge on the 1 hour TF is accompanied by a strong pattern formation on the 4 hour TF which is 'Cup & Handle'.
Disclaimer : This analysis is just for educational purpose only. Do your due diligence before taking any decision.
Feel free to share your views below in the comment section!
Happy Trading!
- Volume has also been quite week during this pattern formation. Can give a good upside move with decent volume as it has already shown as it has already shown breakout + pullback from 'Intermediate zone'.
This descending broadening wedge on the 1 hour TF is accompanied by a strong pattern formation on the 4 hour TF which is 'Cup & Handle'.
Disclaimer : This analysis is just for educational purpose only. Do your due diligence before taking any decision.
Feel free to share your views below in the comment section!
Happy Trading!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。