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birdperson7

SBI to 800 and above? Breaking out of 10 year long range

Long
STATE BK OF INDIA (NSE:SBIN)  
birdperson7  
NSE:SBIN   STATE BK OF INDIA
Chart Patterns Trend Analysis SBI
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chartpattern trendanalysis sbi
SBI has broke out of 10 year long consolidation range. It re-tested the breakout candle and starting to curl up again. Theoretical target is 510 but I think it shoots way above that.
Fundamentals also line up with bullish bias, with lots of M&A and GoI giving SBI more business.
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