devshahac

SBIN breakout and retest done

Long
NSE:SBIN   STATE BK OF INDIA
BO and retest done. Showed a bearish candle at retest signaling fake breakout but resistance act as strong support and its now showing bullish movement with strong breakout.
Moving average and rsi both are bullish .
Events-
  • Earning calls expected tomorrow, If results are good it inturn can boost the stock.
  • SBI jumps 16 places on fortune list.

**target of 520 range is set as per last bull run trend.**
Stop loss- 415-417

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