#SBIN heading to ₹100 on longer term charts
State Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1.
Short term charts will be published soon with details on the internal wave counts of the current impulse.
Short term charts will be published soon with details on the internal wave counts of the current impulse.
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.