karanwealthape
Long

SBIN Weekly chart show strength & Breakout from imp Resistance

NSE:SBIN   STATE BK OF INDIA
Hi Traders,

SBIN Weekly chart show strength & Breakout from imp Resistance (see chart) & Indicator also showing strength as well.

Bullish view due to below point:

1) SBIN Breakout from weekly resistance.
2) SBIN have make big green candle with good volume .

What Indicator are saying:

1) RSI show earlier Break out mean more strength. Bull will more control stock now. (See chart)
2) MACD Histogram negative bar start decreasing in size mean strength . (See chart)

Sept quarterly result was also good , will give boost to stock price in coming days.

Happy Learning );


Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
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