SBI uptrend analysis and potential head and shoulder formation
Updated
SBI looks to have formed a bottom and heading for upside targets. If it makes a lower high i.e fails to break previous highs around 230 and then breaks past 193 on the downside then consider the trend to be reversed.
Note
Clear head and shoulders breakdown below 191. It was a good point to go short.Note
Next downside target of 170 open. Below that 160 gap should get filled.
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