Stocks

Trading Setup

<p>A small five-wave move up is marked and could be complete if SBI closes down for the day. we may then complete wave 3. The RSI at 80 does mean it could be overbought too. Wave 4 can be a 38.2% retracement to 360 or the 20dma at 343. Wave 4 is a correction to the up trend.</p>
<p><img src="https://api-media.indiacharts.com/public/images/article-images/sbi79176.png" alt="A small five-wave move up is marked and could be complete if SBI closes down for the day. we may then complete wave 3. The RSI at 80 does mean it could be overbought too. Wave 4 can be a 38.2% retracement to 360 or the 20dma at 343." /></p>