As per the current wave structure, SBI is expected to push very slightly higher and then give us a drop to 235 - 230 level before the big bullish wave occurs.
The short idea is purely subjective and is not an advice to trade.
The short idea is purely subjective and is not an advice to trade.
Note
As of now, there are no structural changesNote
As of 30 Sep 2019, SBI hit 245 lows but failed to test our forecasted low of 235.Currently, structural change is observed and the pair may not push lower anymore.
Expecting the pair to tap 400-420 area initially.
Note
Order cancelled
Note
Just see how fundamentals (corona and economic recession) align with technical view(predicted over 1 year ago) even though it took too long :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.