raghavendrakumart
Long

SBI - LT Investment BUY @ 240 levels

NSE:SBIN   STATE BK OF INDIA
116 7 2
A super clean chart.
1 leg of uptrend ended in Nov 2010 . Broad sideways Normal flat correction for 5+ years till Feb 2016.

A new uptrend started with a clean 5 waves either completed OR being completed. After which wave 2 correction should start.

Entry point is 240..levels approximately.

Strategy is to BUY the stock below 245 levels to ride the next significant uptrend.
- have marked an alternative count conisdering the current bullishness in overall market
Reply
@topnifty,

The form of the 4th wave..doesnot look apt..."b" waves should be time consuming..and 5th should be swift... I continue to stick with my label as primary..and below is the alternate view..i have

The end of "a" where i have in my week chart..becomes the 2nd and then 3rd has started..
Reply
topnifty raghavendrakumart
@raghavendrakumart,

Going with previous count, ending diagonal in 5th wave
Reply
@topnifty,

Dear Sir....dont think its an ending diagonal...what if its a leading diagonal as 3.1 ? :)
Reply
topnifty raghavendrakumart
@raghavendrakumart, Yes. Possible. IIango sir top notch touch
Reply
@joel-vg, For an investment buy..i like to stay far away from the price as the holding period is much longer and the charts look clean as well. Apologies, not zooming in further...the chart looks good to me to return a 100% as long as price holds the key retracements in 2nd wave.
Reply
Thanks a lot for the weekly chart - can you please zoom with an hourly chart labelling for a further insight if possible ?
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out