SBI : Coming close to good value BUY
SBI Q3 results are due later today, but expectation is of overall flattish to positive results.
- Technically, SBI has strong support in Monthly charts from 600 - 650 zone, followed by another zone of 540 -580 (from which breakout happened earlier)..
- Similarly, the zone of840 - 870 will act as a strong resistance in short term for the stock too.
- With P/E ratio of ~ 8.8 (< 5 year average of 11.1) & P/B ratio close to 5 year average. It offers comfort of NOT a big downside risk in SBI stock prices.
#SBI #Stoxsense
- Technically, SBI has strong support in Monthly charts from 600 - 650 zone, followed by another zone of 540 -580 (from which breakout happened earlier)..
- Similarly, the zone of840 - 870 will act as a strong resistance in short term for the stock too.
- With P/E ratio of ~ 8.8 (< 5 year average of 11.1) & P/B ratio close to 5 year average. It offers comfort of NOT a big downside risk in SBI stock prices.
#SBI #Stoxsense
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.