Lucifer759

SBI - A near term top?

Short
NSE:SBIN   STATE BK OF INDIA
Applied Fibonacci levels to July lows and August highs.
Stocks seems to have corrected 50% of its rally and taking support at 289 290 levels which is 0.5 Fibonacci level.
It also seems to be following a falling trendline.
SBI can be a sell below 288 with a stoploss of 293. Target is 280.
Trade active: Hold for target in few days.
Trade closed: target reached: Target of 280 reached.

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