ravibhadrappa_TCFMRA

State Bank of India forming bullish Engulfing on daily chart!

Long
NSE:SBIN   STATE BK OF INDIA
SBI has formed bullish engulfing candle on bottom of Bollinger Bands , in daily time frame
On 1 Hour TF; it has has closed above median line of Bollinger Band and formed bullish candle; with MACD crossing from below line and health RSI

Can go long in Intraday / Swing trading.

For Intraday, I am buying with SL-M of 285, with SL 1 ATR ( Rs .10); trail SL to cost on jump of 1% and keep trailing for every 1% move.

Appreciate your comments with feedback, to improvise my analysis.

Regards,
Ravi B