According to chart of sbi my view is for long position with stoploss 360
SBI has broke out of 10 year long consolidation range. It re-tested the breakout candle and starting to curl up again. Theoretical target is 510 but I think it shoots way above that. Fundamentals also line up with bullish bias, with lots of M&A and GoI giving SBI more business.
TRIANGLE PATTERN BROKEN AND A GOOD SHORT TERM UPTREND EXPECTED.
Today will be ended in Green for STATE BANK OF INDIA (SBIN)
SBI Long above ₹364 - Target ₹382.45 - Simple trend analysis
BUY SBI 352.5 TARGET 360-365 SL 347.8 Its taking a good support at this price and should take a good momentum here on.
SBI might take support at the marked purple zone as it is 0.5 fib level of the last uptrend in 15 Mins. Also a mejor downward falling is also broken, so it can be a retest to that
BEST GOV. BANK NOW ON REVERSAL SO ADD IN YOUR PORTFOLIO FOR SHORT TERM THE FIRST TARGET IS 376 , SECOND TARGET IS 388 THEN AFTER 403 AND 420. NOTE :- SHORT TERM ( 2 DAYS TO 3 MONTHS). IF YOU LIKE MY POST AND YOU GET PROFIT SO PLEASE LIKE THIS POST AND FOLLOW ME FOR MORE TARGET.
Keep an eye on sbicards, can be bought above resistance.
SBI looks positive above the trend line. SBI can be added from these levels as there is a strong support being formed. The stock touched the low and a positive diversion was seen after which the stock is in strong positive momentum.
short SBI life insurance below 864.08 it going to retrace from supply zone ... as i have explained this theory before
SBIN perfectly playing between a channel Buy for the target of 205 - 09.
Sbi has shown extreme weakness over the last few weeks, with recent gap downs on the daily chart. We can expect a rebound off of the current level which is its Feb 2020 High , (Double bottom on daily chart). It may drop further to the bottom upward trend line (Bold Blue) at ~315 before rebounding. How to trade going forward: One can buy in at the current...
SBI is showing a retracement from the marked up level of Fibonacci retracement 62% (5/8). You can make a target till 38% retracement 367 with 322 SL. The stock will be positive if corona will not impact the market fear. Gann numbers help to provide the Fibonacci chart (1,3,5,8,13,21....). Ratio of these number to each other forms 3/8 (37.5%), 4/8 (50%), 5/8...