Following a rangebound trade in 1 hr chart. Touched the lower trendline support today and expected to rise.
Target: 204-205 in 2-3 weeks SL: 184.15 Above setup is valid only when Bank Nifty rise.
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SL updated due to unexpected fall in last session. Trade is valid still since close is above the trendline.
SL: 178.4
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SBIN facing resistance on 195-196 levels, Safe traders can book their profit on these levels. Riskier traders remain in trade & wait to cross 196 with volume. 204 expected in next week.
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198.25 on 23rd July.
TOday on 27th July, New positions can be taken on CMP.