subravi

SBIN 422 - Rounding bottom

NSE:SBIN   STATE BK OF INDIA
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SBIN 422 - Rounding bottom. As it has negated gartley pattern formation, We expect it is leading to cypher pattern .
Keeping strict stop loss at 408 consider going for long. Targets 451- 498.

VIEW WILL GET NEGATED IF SBIN FALL BELOW 393.

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before a round bottom there is downward wave. here there is a upward price movement before the formation which would be more like a cup if it attains that shape
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Hello @subravi : just read your update on Nifty which is bearish. WHile SBI seem bullish. Can it go hand in hand that while market corrects by 500+ points, PSU banks go up?
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