Reversal zone in SBIN:

The following parameters are measured:

  • “B” is less than 61.8%
  • 2.61.8 BC projection @ 243
  • 1.618 AB = CD at 237.5
  • 1.27 AB = CD at 226
  • 1.13XA retracement already done.

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Have you remember NIFTY BANK analysis? CLICK HERE to see
I had mentioned that it suppose to break the upper band of the channel causing taking a table, and it has perfectly followed my analysis.

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