Vikalpbothara

SBIN is must buy

Long
NSE:SBIN   STATE BK OF INDIA
Well look at the chart & see that it's pretty clear that at around 248 the RSI indicator almost touched 30 but then at 259 the rsi went down till 26. So a clear indication that people are bullish about this. we can buy at around 270 for a Rs . 40 /- target to Rs . 310/-.
Trade closed manually: Late update. I was pretty new to tradingview and didn't know there was something like closing the idea.

Comments

For trading it’s fine, on long term future of PSU banks is bleak, 40k crores were given to these shit banks recently, people start cheering up but these moves are the testimonials that either these banks have some fundamental problems or govt policies over lending practices are screwing them over.
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i would wait till nifty makes a move.. long has been risky ..
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