Wait for SBIN Breakout
Updated
On the weekly time frame, a noticeable triangle pattern has recently broken out. Counting from the bottom before the breakout, we observe waves 1, 2, 3, and the ongoing 4th wave. It is anticipated that SBIN will dip to 608-605 before initiating a breakout, setting the stage for the impulse 5th wave. The initial target for this 5th wave is projected to be 673.
Note
near the targetTrade closed: target reached
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.