Trend Analysis & Wave Counting !!
Follow Chart Instruction.
Invalidation Point for (4) th wave Completion is 188.75.
Hence we can Buy in deep near 195-200 range by taking stop below 188.75
SBIN has just missed its 4th wave by 4 points to make its ED or wedge invalid. So, till now, it is safe to say SBIN will move towards 313/15 in three wave move for a fall. This will be again invalid if it moves further 316, but still it will be a reversal point for another two reasons=
1. Formation of a triangle
2. Major support at 315/16 level
