Parjun

State Bank Of India - A long trade.

Long
NSE:SBIN   STATE BK OF INDIA
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1
State Bank of India is near its long term crucial support zone . There are two areas of support rather close to its current market price. The divergence on the dmi will also need to contract pretty soon.

Keeping the above two in mind to me it looks like a good opportunity to go long in SBI with a stop loss at 234, with a target of 260 in the next 6 trading sessions.
Trade active: This trade has the potential to be a huge returns trade. Kindly trail sl by 1% for every 1% upmove.
Comment: Trail sl to cost and enjoy the profits risk free here on.
Trade closed manually: Close sbin trade having caught a 6% upmove. Enjoy profits.

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