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 chart also looks green for SBI .
- Price level Crosses 50MA.
- Breaks the .
- Bullish candle on Monthly chart(Candle not closed yet).
- Very high .
My trading system gives long on SBI .
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.
This idea is only for educational purpose. Do analysis before investing or trading.