SolomonsView

#SBIN heading to ₹100 on longer term charts

Short
NSE:SBIN1!   STATE BANK OF INDIA FUTURES
State Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal . The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1.

Short term charts will be published soon with details on the internal wave counts of the current impulse.
Michael @ SolomonsView

Twitter - @SolomonsView

Comments

May be below 100. Expecting 90 by Feb/March, 2021
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SolomonsView Sidharth_Kr_Jain
@Sidharth_Kr_Jain, yeah, it can do that. But I will track the down move for a clearer target as it develops.
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