SBIN as suggested was at major support at 348 yesterday, but it failed to hold and 15 min divergence which is less reliable also failed with that, now the next support is at 334/24, which will fill the gap
@yogi_sharma_elliottician, You are absolutely right. I am waiting to buy this stock because the index of banks has plotted by me today morning with timeCycle. You are true about support at my chart but I will act only if TAIL or series of Tail. There is tail at banknifty but still, a lot of weakness after the tails which can be ignored.
I am really inspired to comment on your chart because your drawing covered almost all support.
@Harshilpatwa, M pattern can be named as double top and for now m pattern got triggered at below 349 after breaking neckline as mentioned on comment above, as you said near 300, I guess you are referring height 364 and height 374 as M pattern, but their is lot of difference between both the height, we won't consider it as M pattern or double top, We can consider it as 'Ugly Double Top' but most properly it won't get activated, after achieving the targets we would look for further move