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SBI Channel Breakout

Long
STATE BK OF INDIA (NSE:SBIN)  
vanimator  
NSE:SBIN   STATE BK OF INDIA
Trend Analysis investing trading sbin breakout Technical Analysis BANK
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trendanalysis investing trading sbin breakout technicalanalysis bank
Trade -

Entry: 477.5
Stop: Below 466.5
TGT1: 495
TGT2: 512

SBI has given a disjoint channel breakout likely ending the downtrend as the stock had been under pressure from last few days given its weight in Nifty. The breakout offers a perfect long entry opportunity with a good risk reward setup.
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