SBIN following fibonacci series strictly

2021年4月13日

Clearly we can see that at every major fibonacci levels the stock had a response. yesterday stock has touched 38.2% retracement which is good though not considered very strong because a retracement of 61.8% and bounce is considered very strong. Also this is expected because of the external influences. a 38.2% retracement is healthy and bounce here can take the stock beyond earlier high. I would like to consider little below 23.6% (306) as a stop loss and go long. My first target would be 344 and 2nd target is 362.

2021年4月15日

交易结束：到达目标

1st Target achieved. Will now be watchful to see if it has got sufficient momentum to reach the 2nd target