State Bank of India for 40% gains
Date: 4 Nov’24
Symbol: SBIN
Timeframe: Weekly
SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends).
Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%).
Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
Symbol: SBIN
Timeframe: Weekly
SBI seems to be in Wave IV of 3 which could likely come down towards 750-740 levels. As seen in the chart, Wave V of 3 could then move up towards 1050 (~40% from where Wave IV ends).
Banks have been largely consolidating in this market fall and could lead the next rally up. Please note nothing in the market is a given. Be very watchful.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa lagta hai ki SBI 3 ki Wave IV mein hai jo lagbhag 750-740 ke star par samaapt ho sakti hai. Jaisa ki chart mein dikh raha hai, 3 ki Wave V phir 1050 ki taraf badh sakti hai (jahaan Wave IV samaapt hoti hai vahaan se ~40%).
Bazaar ki is giraavat mein Banking shares bade paimaane par majaboot hi rahe hain aur agli teji ka netritva kar sakte hain. Kripya dhyaan den ki bazaar mein kuch bhi pakka nahin hota. Hamesha satark rahein.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
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