Fresh Monthly Supply to fresh monthly Demand we have the Curve ready. Now further in the lower timeframe we have a previous low violated and hence we se that the Sellers have come in Power. Maybe just a little late to get inn but better late then never.
SBILIFE - Elliott Wave count the market seems like completed all 5 impulses and has begun correction. wave A expected to hi t the target of 1250 range. Please note that this information is for educational purposes only, and it is crucial to trade with caution. NSE:SBILIFE NSE:SBILIFEZ2023 BSE:SBILIFE
------->> the stock is trending upwards -------->> Broken the trendline and no retest is observed. --------->> If the previous resistance acts as support we will observe a bullish again to the trendline. Previous resistance zone @1150 look here for buy side.
Price has completed Wave 1 and 2 and as per the Fibo Extension Wave 3 is atleast till the Golden Level of 1.618 which is Rs. 1394.75 This is a Monthly chart. ENJOY THE RIDE ! ! !
Price has reacted to a Demand in Higher timeframe and will go up till the Monthly Supply formed @ 1167.25