SBIN Consolidating for a likely strong upmove24-May-21
NSE:SBIN
SBIN has made a new ATH and is consolidating for a likely strong upmove.
Coming few weeks it may consolidate between 371 to 416 range.
If in coming 4-6 weeks manages to sustain above 371 - 415 range, then most likely targets are 458, 523, 580
Fair possibility of 650 exists if the trend remains intact.
Pro's
Currently seems to be leading the banking pack.
looks like a good candidate for a strong move ahead.
Cons:
Below 320-294 range, the upmove may take longer and not sustain.
Large Cap, may likely take more time for its moves.
Move has possibility of getting disrupted due to RBI / Govt policies
