STATE BANK OF INDIA
Viés de alta

Tested the Fibonacci retracement for 23.6% level.

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Please consider this information as educational and trade upon your volition.
On 8/6/20, SBI had a gap up opening and tested the resistance line of Fibonacci retracement at 23.6%.
As there is bullishness in foreign market, same may appear Indian market today. Considering market structure as bullish, a long trade can be executed considering the same line as profit booking exit level.

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