SBIN - Upside potential of 29%
Updated
SBIN has posted highest ever profits and revenues and trading at a PE of 7.64 which is very low compared to it's own median PE of 5yr - 12.9. Stock is under pressure and consolidating as Bank Nifty is not moving.
T1- 620 - Next resistance level - Quick 8% gain
T2- 736 - CWH pattern - 29% gain - Should reach once Bank Nifty moves as Financials strongly supports
T1- 620 - Next resistance level - Quick 8% gain
T2- 736 - CWH pattern - 29% gain - Should reach once Bank Nifty moves as Financials strongly supports
Trade closed: target reached
T1 achieved.Trade closed: target reached
T2 achieved.
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