qatest0013

qatest0013

Head and Shoulder pattern form at the top of chart. Proper neckline breakout and re-test has been done. If market sentiments remain bearish for next few days. It will achieve target easily in next few days!

qatest0013

SBIN on bigger time frame shows 100% retracement on Fibonacci that indicates trend reversal. Also on smaller time frame i.e. 15 Min, there is Head & Shoulder pattern formed and on 27th of Aug. On next day it works fine. Now, lets wait for the major trend line break i.e. 400 and it is also psychological level