STATE BANK OF INDIA
Short
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SBI Short wave target

250
Currently Daily Elliot studies indicate that Some sort of 4th main sideways wave is in progress now.
3rd sub wave and 5th sub wave of main 3rd wave are already over. (As indicated by 2 MaCD peaks with a bearish divergence seen between 3 and 5 peaks on MACD).
Note - Just an amateur trader . this article is purely for study and research purposes.
Target T1 - 415 T2 405
Note
Stockastic RSI indicators are in oversold conditions

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