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BitonGroup
Jun 21, 2020 1:54 PM

SBIN (State Bank of India) Daily Long Long

STATE BK OF INDIANSE

Description

hi
it is a Daily analysis of SBIN and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion
we can notice a divergence in MACD too which is an other reversal sign
and when combined with Fibonacci levels we can see we will face a big boost in the business post Corona Crisis
market may be renege for sometime but the ultimate move is

Trade closed: target reached

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