tikkuk

SBIN :Bullish Cypher Pattern

Long
tikkuk Updated   
BSE:SBIN   STATE BANK OF INDIA
1
A good cypher pattern establishing on SBI .
It ticked almost all the rules
point 'b' should not close below the 618 retracment(x to a) ,point c should not close above 1.414 (Fib extention x to a and a to x) ) and entry point 'd' should be at 786 (x to c) fib retracement which comes out to be 253.20 .

Place a buy at 253.6 with a stop loss at 251.89
Trade closed: stop reached
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