SR_Arun

SBI Breaks - Negative Trend - Step into Green

Long
NSE:SBIN   STATE BK OF INDIA
Fundamental View
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).

Technical View
Technical chart also looks green for SBI .

My trading system gives long on SBI .
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.

Disclaimer

This idea is only for educational purpose. Do analysis before investing or trading.

Thank You
ArunPrakash
Trader


Comments

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