SBI: Anticipated happened

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SBI 60 mins chart Anticipated on 8th February 2019

SBI 60 mins chart Happened on 14th February 2019



In my previous update I had mentioned that, "SBI is consolidating in a sideways pattern mainly in a range of 285-300 levels after a dynamic fall from 307 to 276 levels. Short term moving averages 20 EMA (red) and 50 SMA (blue) have given a bearish crossover which is a negative sign.

From wave perspective, currently …. formation is in making which will end up in a running flat pattern. If it is true the post implication will be dynamic dragging prices way lower. This wave structure helped me to foretell the dynamic fall before it happened.

Prices tumbled from 285 till 265 levels which was anticipated by me, giving a return of over 7% within time of a week. Now what is the next trend forming in SBI we will see as the wave progresses.

If I can do it, you can also do it. All you need to do is mail me at meghmody@gmail.com and subscribe to my two day paid seminar. In these two days you will learn the concept of Elliott Wave and Neo wave, combination of price and time, how to anticipate, tools required to anticipate the rise and fall of price. It is better not to follow the crowd blindly and think objectively before taking a trade. The cost of this seminar is 10000/- per person.


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