Lets keep patterns, triangles and Wave theory aside for sometime. Lets keep it simple for State Bank of India , as you can clearly see simple trend continuation and we are planning to buy on the pull back completion. Some may feel that how can we be so sure ? Well, as per my rule book trend continuations with good risk :reward are valid enough. Please check...
SBI looks to have entered into a trend reversal phase with a 5wave count which can potentially be wave 1 of a bigger wave cycle. wait for a wave 2 pullback, rs170 can be a good price to enter. holding period 1year approx.
SBIN is trading at the short term lower channel and at the old demand area. Need to observe the price action. check the charts for trades possible from this level. Need to wait for conformation of move.