Exploring Harmonic Patterns in Bank India, PEL, and SBIN Stocks

By | December 5, 2024 8:48 am

BANK INDIA

Positional  Traders can use the below mentioned levels

Close above 118 Target 125

Intraday Traders can use the below mentioned levels

Buy above 118 Tgt 119.5, 121 and 122.5 SL 117

Sell below 116 Tgt 114.5,113 and 111 SL 117.5

SBIN

Positional  Traders can use the below mentioned levels

Close above 860 Target 888

Intraday Traders can use the below mentioned levels

Buy above 860 Tgt 868, 876 and 888 SL 854

Sell below 852 Tgt 846, 838 and 830 SL 858

 

PEL

Positional  Traders can use the below mentioned levels

Close above 1250 Target 1313

Intraday Traders can use the below mentioned levels

Buy above 1240 Tgt 1256, 1270  and 1285 SL 1230

Sell below 1222 Tgt 1208, 1192 and 1180  SL 1235

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  • All prices relate to the NSE Spot/Cash Market

  • Calls are based on the previous trading day’s price activity.

  • Intraday call is valid for the next trading session only unless otherwise mentioned.

  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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