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.
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
skbanalytics
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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?