Once the triangular pattern on the daily chart is broken, go long on SBIN. Its part of the retracement wave and can go upto around 220 before it starts falling down again.
My 2 cents, if Nifty closes below 11555 in the day chart, I think it will come till around 11330 which is 0.618 of its Fibonacci retracement. I have also added two examples of Fibonacci retracements in the recent waves to show the "character" of Nifty chart which generally retraces down to 0.618 level after a new high. After this, the way Nifty proceeds depends on...
My 2 cents, as you can see from the above diagram, Apple seems to be range bound within the trendline, unless Apple breaks the trendline and goes above it (I don't see that happening because Apple seems to follow the SPX chart pattern and I believe SPX is going to come down after testing the resistance zone - please refer to my analysis of SPX), I believe Apple...
