I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
We are looking at the Monthly chart here; we clearly see Wave 1, 2, 3, 4 complete and now Wave 5 is forming;
Wave 1 and 5 are almost similar waves in terms of both magnitude and direction also Wave 5 each and every time definitely breaks the low made by the end of Wave 3 therefore we are super sure that it will cross the...
In the last research of SBIN, I have given a buy signal at 170 for targets 189.5.
I hope you have remembered it..., aren't you?
Let me show here recent updated:
Part 1: SBIN, EWT support 171.5/176.5 key levels.
Now, Below 194.5, this stock can keep falling...
Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.
Point to be noted: Volume must be higher than average at the both key levels to take long position.
if sentiment remains strong, we could even see 182/189.5.
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