SBI : Buy

Updated
SBI has seen a large buying volume when it went inside triangular breakout and scrip against closed above resistance of triangle line. Stock has bounced from 100 DEMA on daily chart and from major support level of 292. As long as 292 holds, scrip is expected to move up towards 325-328 zone. Buying can be done in dip at 308-309 with stop loss below 304 for target 320-325.
Trade active
Sbin has made low of 309.55 and then rebounded till 312. Call didn't initiate. Now buy above 314 with SL of 308 for target of 320-325
Trade closed: target reached
All target already reached. stock opened with gap. cmp 339
Chart PatternssbinTrend Analysis

Disclaimer