SBI ended the ultimate euphoria very badly. What suddenly happenned that, 50% of entire rally from 2022 lows disappeared in matter of few days. During its upmove in later part of 2022 I posted multiple times that, entire rally was absolutely deceptive specificlly from SEPTEMBER low, it was about to end badly and it has ended badly. Going forward, the rally from 499 is only a counter-trend-rally, which in normal conditions is likely to end under 580 on cash. Staying under 580 is extremely BEARISH sign and that also keeps PATTERNS on sell side for possible Target of 491 in coming days. TIME wise (MARCH) is big month here.
SBI UPDATE
Published by SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt! View all posts by SAAHIL BELIM
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