SBIN is currently in a Channel Pattern. This type of channel pattern has a higher probability of breakout in the upward direction. Moreover, the trend also has Fibonacci Support. BUYing is not today, but chart can be kept under observation :)
The 30 min chart is under observation. If the trend changes and strong upside momentum is seen, then the pattern is BARR and entry at the extended-handle trend line
Fibo Retracement of 78.6% + Trend Line Breakout + Pattern Breakout + U-shaped Volume #Bulkowski_Chart_Patterns Entry: 1753 (Breakout Level) Target:1775 (Previous High and Fibo level) SL: 1744 (Fibo Level & Level of Partial Decline)
As discussed before in the last post, the levels are now optimum for BUY:)
BAJAJFINSV in a small range. Fibonacci--> BUY signal on Daily Chart Support & Resistance --> wait for breakout(either upside or downside)