SBIN

21st Apr

Immediate target.
Though there is more coming.

Hourly

Oops!
It just preferred the earlier chart of update of 28/02
The move is over and call closed.

UPDATE
Week of 3rd Mar

UPDATE
28th Feb
Target achieved. Now wait for some move down and then go LONG.

UPDATE
26th Feb

Twits during Market.

BINGO !! RT @Stocktechy: #SBIN http://t.co/ZoqvseWsjC
— EWite (@Stocktechy) February 24, 2014

#SBIN pic.twitter.com/j62bTbumxd
— EWite (@Stocktechy) February 24, 2014

UPDATE
Week of 24th Feb

Moving exactly as indicated in the chart.
Well on course to 1535.

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For week of 17th Feb
SBIN has completed 5 wave move of Wave a of C. It should see good bounce to around earlier wave 4.
Very good spurt in delivery volumes also confirms that shorts are being covered and further down side risk is negligible.
This is also supported by a bounce by BANKNIFTY from quite deep levels.

Hence following trade plan.

Long
Target 1535
Stop < 1450