SBI share price prediction for 12–07–2021
SBI share price prediction for 12–07–2021 : Best Analysis : Read Now
After covid crash there are huge up move in equity market during last year and complying to this move SBI has also given huge up move. Today we shall analyze chart of SBI based on Elliott wave and demand supply trading to get an idea if the up move will continue.
We shall first analyze the monthly chart and then will check lower timeframe charts.
SBI share price prediction for 12–07–2021 : Monthly Chart
In the monthly chart we can see that there are lots of sub wave (1), (2) ; [1], [2]; (i), (ii); [i], [ii] completed and up move after 149.45 we shall check in weekly chart.
Monthly demand zone is at282–269.5 and monthly trend is up. Also we can see that price has given monthly close above upper resistance line. So there are possibility of more up side move. Now we shall check weekly chart.
Also read our best articles below.
- Demand-supply-trading-course-free
- Elliott-wave-theory-course-free
- Nifty-prediction-for-tomorrow
- Bank-nifty-prediction-for-tomorrow
- Bitcoin-price-prediction
- Ethereum-price-prediction
- Eur-to-inr-forecast
- In-future-gold-price
SBI share price prediction for 12–07–2021 : Weekly chart
[caption id=”attachment_432" align=”aligncenter” width=”1252"]
SBI Share Price prediction 2021[/caption]
In the weekly chart wave (1) completed at 197.5 and wave (2) completed at 175.5. Then wave (3) seems completed at 427.7 and wave (4) completed at 321.3. Now wave (5) may be in progress and move after 321.3. 38% projection wave (5) is at 427.5 which has already been achieved. Next 61 and 100 % projection is placed at 493 and 599 which may or may not achieve. Now we shall check move of wave (5)in lower time frame chart.
Weekly trend is clearly up and weekly demand zone is placed at 354.75–360.45 which will act as support if there is any big fall….Read Now