State Bank Of India (SBIN) has give a mulii year breakout. The stock is following Elliot wave and in the phase of wave 12345. Consolidation generally happens in wave 4 (which is also a consolidation/ correction phase). The wave can be confirmed by the relation of wave 3 being 1.6 times of Wave 1 length, from the base of Wave. With this, the target proposed for Wave 5 can be 475 (min) and 522 (Max).
After this we should see the abc wave of the retracement, which should be contained within the wave 4 low of the current cycle.