Volatility squeeze on Sbi & MACD on the way to give positive breakout
1.Sbi an under performer candidate now roaring to perform .
2.We can see bollingerband squeeze on daily time frame
3.Now it time for MACD to turn positive if sbi gives break out of its consolidation range(close above 1702)(highlighted on chart).
4.Morning star pattern on daily time frame
5.so one can buy sbi with the sl of 1609 tgt 1684 -1702-1712-1728. Sell only below 1598 sl 1615 tgt 1534.
2.We can see bollingerband squeeze on daily time frame
3.Now it time for MACD to turn positive if sbi gives break out of its consolidation range(close above 1702)(highlighted on chart).
4.Morning star pattern on daily time frame
5.so one can buy sbi with the sl of 1609 tgt 1684 -1702-1712-1728. Sell only below 1598 sl 1615 tgt 1534.
