A deep dive into SBI

With SBI declining substantially, we do a deep dive into SBI to try to understand where the cycle is at. As on 18 May 2020. CMP 156. Whichever chart we look at, SBI is at or approaching serious support at the monthly charts shown below.  But note that even one candlestick more on this time […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis.  As on 24 April 2020. CMP 181 From earlier cycle of PSU Banks, due to huge destruction of share price, and with no bullish patterns visible, we mentioned we would stop analyses of all PSU banks with the exception of SBI.  In this cycle of PSU banks, we will only be […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 31 March 2020. CMP 190 Price is hanging on by a thread to a possible bullish resolution to this downturn.  A decline 10 points below the recent low of 173 (i.e. to 163) would conclusively discard any possibility of new all time highs anytime soon and put the bearish […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 5 March 2020. CMP 284 Bottom line : Short term neutral. Intermediate term bullish.  Difficult to trade. Count 1 : Price has either begun wave 5 up of an ending diagonal or is still in wave 4 down.  Difficult to say at this stage.  Lows below 244 cannot be […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 8 Feb 2020. CMP 320 Current opportunity !! Bottom line : Near term and intermediate term bullish (under both counts). The recent correction to 295 completed with an ending diagonal. Buy : Between Current levels and 310 Stop Loss : Below 295 Target : Above 400 Added to stocks […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 22 Jan 2020. CMP Upcoming Opportunity !! Bottom line : Intermediate term bullish under both counts.  Short term bullish under one count. Primary count : Wave 4 of a larger ending diagonal is complete at 244.  Price has rallied strongly since then to 351 and likely complete wave “a” […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 2 Jan 2020. CMP 335 Bottom line : Intermediate term bullish under both counts.  Short term bullish under one count. Primary count : Wave 4 of a larger ending diagonal is complete at 244.  Price has rallied strongly since then to 351 and likely complete wave “a” of 5.  […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 13 Dec 2019. CMP 328 Wave 4 of a larger ending diagonal is complete at 244.  Price has rallied strongly since then to 351 and likely complete wave “a” of 5.  Price is currently in wave b down. Buy : 260 – 290 Stop Loss : Below 244, but […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 22 Nov 2019. CMP 330 Wave 4 of a larger ending diagonal is complete at 244.  Price has rallied strongly since then. Buy : 275 ~ 297 (61% ~ 38% fibo) Stop Loss : Below 244 Target : 390 – 400 In stocks to watch or trade section. — […]

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SBI Elliott Wave Analysis

SBI Elliott Wave Analysis. As on 4 Nov 2019. CMP 315 It is quite likely a wave 4 of an ending diagonal is in place at 244.35.  Remember ending diagonals are choppy.  This should give an opportunity to enter a trade in SBI at lower levels. Since we have a clear stop loss, this goes […]

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