Chartist_micro
Long

SBI 250 Coming | Inverse Head & Shoulder Pattern Formation

NSE:SBIN   STATE BK OF INDIA
- SBI is forming I&HS pattern, which is a reversal pattern.
- This kind of patterns form at the bottom after market fall down.

- 198 is the key point which will decide the next move.
- Once 4 HR Candle Close above 197-198 Zone, I will look to get into Swing Long Trade.
- Targets are based on Pattern Target which is Target = Height of Head, EW Waves & FIBS.

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Comment: Failed to breakout.
Let's give some more time to it.

Will take entry only on breakout.

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