SBI Bank
Updated
SBI Bank - CMP 338
Looking good to go long at cmp with SL 300 on closing basis.
Possible initial targets - 375/425
Reason:
1. Hidden bullish divergence
2. Retraced more then 61.8% from the top and trading near strong support area.
Looking good to go long at cmp with SL 300 on closing basis.
Possible initial targets - 375/425
Reason:
1. Hidden bullish divergence
2. Retraced more then 61.8% from the top and trading near strong support area.
Note
Made high of 370 yesterday, close to the first target of 375.Note
1st target done. It has made a high of 392 today. It needs to close above 385 for further up move towards 425.Note
Made high of 433. Further upside possible once sustains above 428.Note
Has made a high of 442 so far. Continue holding with trailing stop loss at 385 or 400 as per your appetite.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.