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.
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As of now, there are no structural changes
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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.
Currently, structural change is observed and the pair may not push lower anymore.
Expecting the pair to tap 400-420 area initially.
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Just see how fundamentals (corona and economic recession) align with technical view(predicted over 1 year ago) even though it took too long :)