The stock is looking good to buy above 433 for the marked targets on the chart until the red line is intact on the downside.
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InvestPro India Team
SBI Bank - CMP 338
Looking good to go long at cmp with SL 300 on closing basis.
Possible initial targets - 375/425
Reason:
1. Hidden bullish divergence
2. Retraced more then 61.8% from the top and trading near strong support area.
I have shared the idea to buy SBI Bank near 358 and it made the low of 357.25, we saw a great bounce and our TradePro subscribers booked great profit in this trade. Now if it sustains above Friday's high we may see 385 odd levels.
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Happy Trading!
InvestPro India Team
The stock is falling since the last few trading sessions and going to fill the Gap soon, looks good to buy near 358 for a bounce.
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InvestPro India Team
The stock is trading in a range from the last few sessions, 400-385, and breaking this range on any side would give a good trade opportunity.
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Happy Trading!
InvestPro India Team
SBIBANK consolidated between 390-400 before breaking out and reaching 52 week high of 427.7.
390 is a major support zone followed by 400 being a support and short-term resistance zone and after breaking 400, 405 serves as a resistance zone.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen...
State bank of India (SBI) - Ascending channel pattern formation at monthly time frame. After S5 support channel breakdown Market has taken support at S4 and reversed. Expecting to reach R5 zone within one or two years
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
