Upside Move for State Bank of India

20 thg 4, 2017We are still in the corrective pattern however we did finish a 3 wave ABC pattern to make the next move up. This is possibly a D wave which means we will get another wave E that will go below the current lows or if there is a breakout from the top trend line, we can see another impulse to the upside.Either ways, this move is to the upside, I would be cautious as we reach the top trend line.

Also, I see a bullish Hidden Divergence from the Impulse Low