RUDRA007

SBI good SHORT candidate

Short
RUDRA007 Updated   
NSE:SBIN   STATE BK OF INDIA
SBI spot cmp 465
Elliot wave study
Time frame :- Daily

Major impulse phase and minor impulse phase of major wave 5 have matured around this levels,, dual bearish divergence in RSI indicate the trend is about to mature,, reversal in trend possible around this levels,,

Keep watch can reverse by 10 to 15% from current levels
Good short candidate
Trade active: From 465 to 430

35 points done

keep booking or trailing as per comfort
Trade closed: target reached: sbi short recommended around 465 levels now at 410 levels,, 55 point fall done

12-13% fall covered

all should book profit once,, and wait for bounce

wave A of corrective phase is on verge to mature

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