SBI ELLIOTTWAVE COUNTS

Lets look at SBI wave structure ,The preferred count follows.

From highs looks to have completed a impulse down,5th finished with a double bottom,Which makes me think to have a alternate count handy ,As of now lets stick to this count .So we are nearing a up finish,Which suggests a dip coming.Lets see how this does going forward.

Banking stocks icicibank hdfcbank

A post after quite sometime.

ICICI bank came up with results today,Seems to be a good set of numbers.The very short term chart shows abcde done and stocks looks set for good move on monday above 900 can really shoot.

Now lets look at Hdfc bank the chart shows 123 done and stock attempting a 4th wave 

The present structure looks like a small wedge in making which could be a B wave so a possibility of a fall in C to retest breakout trendline cant be ruled out.This stands failed if in present move the price breaches 3rd high. So overall gist would be if ICICI shoots big HDFC bank falls to sober down banknifty :),Interesting Monday session looking forward to see how this plays out.