Wave Anlaysis
SBI BANK 15M TF, Elliot Wave Theory
SBI: Rejection in Blue Box Starts Next Leg Lower
May 7, 2020
SBI BANK, has been under pressure since 2nd May It is yet to break its previous low but the bounces look corrective which increase the likelihood of a break lower.However, in this blog we would look at the forecast.
Short @ 171.65 level with the Target Price of 165.40.
Blue Boxes are High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extension.
SBIN
SBI: Rejection in Blue Box Starts Next Leg Lower
May 7, 2020
SBI BANK, has been under pressure since 2nd May It is yet to break its previous low but the bounces look corrective which increase the likelihood of a break lower.However, in this blog we would look at the forecast.
Short @ 171.65 level with the Target Price of 165.40.
Blue Boxes are High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extension.
SBIN
Elliott wave Analysis, All types of Asset classes are covered like, Indices, Stocks, Currencies and commodities.
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