s.arun.natesh
Long

SBI - The bank that Bharat Banks on - Long

NSE:SBIN   STATE BK OF INDIA
SBI has been consolidating for a while now. It has been making consistently higher lows and a nice uptrending channel is getting formed. It is now very close to an inflection point. With a little measured risk, one can go long at current prices and add to positions above 196. Targets and SL mentioned on chart.
Comment: Good upmove as estimated. Stock spent couple of days around 195 and has given a breakout touching the next target of 200. Keep holding. This is just the beginning of a breakout...higher levels are coming

Comments

194 is resistance, after that stock may touch 203-204 easily. Lets see.
+1 Reply
A little patience, and we can have handsome returns in the stock. Max Call OI is at 200 with significant additions at 210 strike as well. We could be testing 210 levels before this expiry.
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Good analysis..Bought today @ 189.40. What's ur projection? 192-194 in coming days ?
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