Sbi was in consolidation phase since may 2021,
and it has seen a complex correction in wave 2, in day before yesterday it has seen a minor recovery after testing the lower bollinger towards upper bollinger band, and finally in yesterday's trading session, it broke out from the consolidation and it has also broke the high of wave 1, with daily Macd turned positive, good price action seen along with trendline breakout and also good intensity of Volume.
Trendline breakout with good intensity of Volume
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick and also above zero
Macd in hourly positive crossover and Uptick and also above zero line
Upper Bollinger band challenged in both daily and hourly along with Trendline Breakout
Rsi in both daily and hourly above 60 uptick and Breakout
DMI ADX UNGALI POSITIVE in Daily and hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
and it has seen a complex correction in wave 2, in day before yesterday it has seen a minor recovery after testing the lower bollinger towards upper bollinger band, and finally in yesterday's trading session, it broke out from the consolidation and it has also broke the high of wave 1, with daily Macd turned positive, good price action seen along with trendline breakout and also good intensity of Volume.
Trendline breakout with good intensity of Volume
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick and also above zero
Macd in hourly positive crossover and Uptick and also above zero line
Upper Bollinger band challenged in both daily and hourly along with Trendline Breakout
Rsi in both daily and hourly above 60 uptick and Breakout
DMI ADX UNGALI POSITIVE in Daily and hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
YouTube: youtube.com/@rk_charts
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Telegram : t.me/RK_Charts
Twitter : @charts_rk
Email : rkcharts@gmail. com
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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