SBI: Flying with the Elliott Wave SBI made the bullish Elliott wave on the time frame. And completed 4 waves. The 5th wave and ABC correction are remaining. The expected completion of the 5th wave is 295.35 , and it is 61.8% of 1+3.
So, it has to cross 283.30 - 290 .10 to reach 295.35 . And if the trend crosses this, too.
After that, it will fall for a short time to make the A of the ABC correction. And the targets are the following 290 - 280 .
Sbin
#sbilife 🙆♀️&🤷♀️NSE:SBILIFE
it's not perfect head and shoulder but even if it cross 920 then trailing target might be 950 and so as we can see reversal candle on daily it might retest head and shoulder neck line and then might bounce so please trade accordingly.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
SBIN LONG (Weekly)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 .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
SBIN is ready to break the stock marketSBIN will shake bank nifty if this resistance is broken decisively. Just look at the setup. In a major bull run and don't think the trend-line can offer any strong resistance to this kind of up-move.
Like and follow.
I am going to start a series for long term investment.
NSE:SBIN