ParamjitMahapatro

sbi looks bullish in medium term.

Long
NSE:SBIN   STATE BK OF INDIA
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
Trade active:
moving as expected, till now 294.5
Trade active:
moving up as expected , till now 296.1
Trade active:
moving up as expected, till now, 309.25
Trade active:
1st tgt achieved, till now 311.20
Comment:
price came again to the channel support
Comment:
probable wave count in weekly,
So it is now going through flat correction
Comment:
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.
Trade active:
looks like wave (c) is complete, and price at horizontal channel support.
Comment:
price should reverse from here.
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