Today's Spread of SBI

rangarajan

Well-Known Member
#1
friends

It is observed from BSE quote today for SBI that the High/Low is 1872/1674.

However in the chart it is 1876/1831 ( values rounded of )

Assuming,there could be spike,is such a huge diff possible?

If so,is there any significance in the value & for calculating Pivot & Fibonacci,which value to be taken?

:confused:

ranga
 

rangarajan

Well-Known Member
#2
further to my posting on fifth,from a high of 1873,within couple of days stock at a low of 1720.

As it had closed at 1741, below its weekly 38% replacement of 1746,there is every chance that we may see 1720,the spike low of fifth.

Hence,i presume that spike high or low should be respected.:) This range concept came to me after reading savant Garde's post & thankas to him.

I take this opportunity to Thank Sri.SAINT ,from whose post ( Teach a man ...) i have learnt PIVOT Trading & understanding & immensely benifited.

So also my friends to whom all i had spread this post,thank him.

Happy trading,

ranga
 

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