You people must have been surprise by the blog title. As I never recommend trading stocks or derivatives. But due to numerous mails & comments, I’m hereby uploading the chart of Indian Stock State Bank of India.
Price is stalling ahead of 337 resistance area which is also a part of rejection of price action zone. If price manage to hold 326 area, then I would recommend shorting around 337.51 with stops around 339.50 & First target would be 317 & Second target would be 308 zone market with red rectangle.
Price Action Reacting the previous Manipulation zone which should act as bulk buying orders
As I have clearly stated in my previous articles that when you trade a swapping flag, then there should be a flag just below the engulf zone which should play the manipulation game & that chart is a perfect example.
More on that will be updated soon. Stay tuned.