SBI Skewed Triangle 4th Elliot Wave
Updated
Stock currently in upward trend and may break upside.
Wave 4 has formed skewed triangle and about complete final Internal Wave E.
Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough.
Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive)
Notable resistance 212 non risky can wait for break and close above this.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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Wave 4 has formed skewed triangle and about complete final Internal Wave E.
Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough.
Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive)
Notable resistance 212 non risky can wait for break and close above this.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
Trade active
Entry 17th Aug 293. Today 215 closed above resistance 215 looking to go up further
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