STATE BANK OF INDIA
Long
Updated

SBI SHOWING RETRACEMENT AT 62%. BULLISH

700
SBI is showing a retracement from the marked up level of Fibonacci retracement 62% (5/8).
You can make a target till 38% retracement 367 with 322 SL.



The stock will be positive if corona will not impact the market fear.

Gann numbers help to provide the Fibonacci chart (1,3,5,8,13,21....). Ratio of these number to each other forms 3/8 (37.5%), 4/8 (50%), 5/8 (62.5%).

education purpose.
Trade active
The market tried to go up as expected in SBI.
Trade active
410 is the approaching next target for the stock
Trade active
book half profit
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.