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forextidings

SBI in a flat correction - Elliott Wave Theory

Short
STATE BK OF INDIA (NSE:SBIN)  
forextidings  
NSE:SBIN   STATE BK OF INDIA
Elliott Wave Fibonacci Parallel Channel SBI sbin sbinanalysis statebankofindia elliotwaveanalysis nsestocks stockmarketanalysis
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elliottwaves fibonacci parallelchannel sbi sbin sbinanalysis statebankofindia elliotwaveanalysis nsestocks stockmarketanalysis
I have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave.

There are two scenarios if it crosses 61.8%, C will be around 205, and if it does not crossover the retracement level of 61.8%, C will be at/nearby 195. These levels are target prices for the day traders.
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