Chart Of the Week !! 21 March 2021 !!
*Stock has given a breakout after 10 years of long consolidation on weekly chart .
*After breakout stock has pullback TO its support area and filled up the gap in daily chart which has created at the time of breakout .
*Life time high breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in SBIN.
CMP-471.00 RECO-Buy Entry Range-Rs.365.00-373.00 Target-520.00/630.00 Stop Loss-358.00 closing basis.
Duration- 06 to 12 Months.
Thanks for reading and kindly let us know if you have any questions.
*After breakout stock has pullback TO its support area and filled up the gap in daily chart which has created at the time of breakout .
*Life time high breakout already happened.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in SBIN.
CMP-471.00 RECO-Buy Entry Range-Rs.365.00-373.00 Target-520.00/630.00 Stop Loss-358.00 closing basis.
Duration- 06 to 12 Months.
Thanks for reading and kindly let us know if you have any questions.
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