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sbi looks bullish in medium term.
STATE BANK OF INDIA
Long
sbi looks bullish in medium term.
By ParamjitMahapatro
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Updated
Aug 1, 2017
7
Jul 18, 2017
price is moving in a uptrend channel in weekly time frame, and the current trend is up, so it should easily go to the channel resistance.
sl - 274, tgt1 - 310, tgt2 - 330
Jul 24, 2017
Trade active
moving as expected, till now 294.5
Jul 25, 2017
Trade active
moving up as expected , till now 296.1
Aug 1, 2017
Trade active
moving up as expected, till now, 309.25
Aug 8, 2017
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1st tgt achieved, till now 311.20
Aug 19, 2017
Note
price came again to the channel support
Aug 19, 2017
Note
probable wave count in weekly,
So it is now going through flat correction
Aug 19, 2017
Note
fractal count of flat correction,
in.tradingview.com/x/iWCo
in flat correction, wave c generally of same length as wave a, so 269 level is a good level to enter.
Sep 13, 2017
Trade active
looks like wave (c) is complete, and price at horizontal channel support.
Sep 13, 2017
Note
price should reverse from here.
Ascending Channel
Bullish Patterns
sbin
Trend Analysis
uptrend
ParamjitMahapatro
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