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STATE BANK OF INDIA (SBIN) Important trendlines/R/S

NSE:SBIN   STATE BK OF INDIA
SYMBOL: SBIN


1. Bullish market structure
2. TRENDLINE SHOWN ON ABOVE CHART GO FOR SMALLER TF.
3. Trendline breakout Heading For R1: ~437+
4. Good Market Sentiment and Recent News
5. Support & Resistance zone: 433 to 437
6. Target:
Short term: 437+
Mid-Term: 442+
Long-Term:450+

7. IF BREAKS THE TRENDLINE THE TARGET WILL BE AS FOLLOW :

427 / 423 / 419 These PRICE can be +-1/2 RS As Charts are not always so clean

8. You can go to smaller time frame for more details.



Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk.

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