SBI SHOWING RETRACEMENT AT 62%. BULLISH
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SBI is showing a retracement from the marked up level of Fibonacci retracement 62% (5/8).
You can make a target till 38% retracement 367 with 322 SL.
The stock will be positive if corona will not impact the market fear.
Gann numbers help to provide the Fibonacci chart (1,3,5,8,13,21....). Ratio of these number to each other forms 3/8 (37.5%), 4/8 (50%), 5/8 (62.5%).
education purpose.
You can make a target till 38% retracement 367 with 322 SL.
The stock will be positive if corona will not impact the market fear.
Gann numbers help to provide the Fibonacci chart (1,3,5,8,13,21....). Ratio of these number to each other forms 3/8 (37.5%), 4/8 (50%), 5/8 (62.5%).
education purpose.
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