Largest Bank in India with over 200 years of history on breakoutHello Everyone i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has given a breakout of symmetrical triangle pattern on daily timeframe. Stock name is State Bank of India and it is is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
Stock is really good to do SIP for long term, it is paying good dividend also every year. Stock is good for short term to long term investing. I have marked all the levels on chart please follow strictly.
Fundamental Ratios
Market Cap
₹ 7,70,775 Cr.
Current Price
₹ 864
High / Low
₹ 912 / 601
Stock P/E
10.1
Book Value
₹ 465
Dividend Yield
1.59 %
ROCE
6.16 %
ROE
17.3 %
Face Value
₹ 1.00
Industry PE
9.28
Debt
₹ 56,06,147 Cr.
EPS
₹ 80.2
Promoter holding
57.5 %
Intrinsic Value
₹ 604
Pledged percentage
0.00 %
EVEBITDA
15.6
Change in Prom Hold
-0.03 %
Profit Var 5Yrs
98.7 %
Sales growth 5Years
11.6 %
Return over 5years
22.2 %
Debt to equity
13.5
Net profit
₹ 74,461 Cr.
ROE 5Yr
13.0 %
Profit growth
12.3 %
Earnings yield
6.43 %
PEG Ratio
0.10
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Bankingstock
PNB, Intraday View for 19-JuneThere is no change in the structure and the price has failed to close above 130.
But the price is still in the positive zone.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 4-JuneToday we have a gap up opening of more than 4% and the price has closed on the resistance level.
Wait for the price to settle down.
CMP:137
R1:137 | R2:142.90
S1:123.50 | S2:119
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 31-MayAnother Inverted Hammer Candle shows the weakness in the price.
The price is being strongly rejected by the levels of 130.
The probability of a strong bearish candle is more than 70%.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Axis Bank Chart Pattern AnlysisAxis Bank Chart Pattern Anlysis
There is bulish start in our Indian Economy
Hope to start our best economic time
Bank stocks are already doin g their best so its probability to make All time high or reverse
if its break upper side wait and buy for Long
If it sustain and reverse from resistance line we can take short
Thanking You
BANDHAN BANK SHORT-TERM SWING TRADE!Hi everyone, Bandhan bank short term swing trade consider buying above 314 target 332 stoploss 304 add more on support between 295-292.
LOGIC BEHIND TRADE : Stock given breakout of dynamic trendline resistance and near it`s static resistance 314 on 2hr time frame price structure price is making higher lows it`s bullish sign stock is going upside targets identified from harmonic xabcd & abcd pattern levels 1.131 and 2.0 & stoploss is taken previous swing low. NSE:BANDHANBNK