IIT-Trader

SBIN--Fake Breakout @590 range.

IIT-Trader Updated   
NSE:SBIN   STATE BK OF INDIA
----->> after strong fall from 588-590 range, price again coming back to supply zone with consolidation to upside,
if failed to create a new high and falls below 575 range then sell for the target of 565 range.
the demand zone @ 575 range acts as support and the demand zone created at 582 becomes resistance, hence price is in consolidation.
if price consolidation to downwards price again rise from 565 range.
Monthly expiry is between 590 to 565 range.
keep track of these levels.
Comment:
still waiting for target 1

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