NMDC: good risk-reward and on good supports and good breakout small one a big movement pending keep an eye
SBIN: might not give direct movement but still a good breakout as per the structure
MotherSUMI: Good structure keep an eye big rewards can be claimed :)
SBIN brilliantly formed a Cup and handle pattern in Daily time frame. Now it is in the Handle phase, we need to wait for the breakout at 445 and a successful retest to avoid false signals.
Target can be upto 115 points. Its better to take positions in cash market, FNO traders need to take a far month contract as this will take maximum 6 month period to...
I have been following charts which are moving from low to high. The ones which already went up and then coming down, are not the ones performing bullishly atleast in the pandemic times.
SBIN was one of the stock chart which was going from a low to high level.
I am bullish on SBIN not because of the move today, I have been following this one for a while.
SBI showing good breakout after consolidating in 400-435 range.
Above 441, will be very positive.
Compared to HDFC Bank, Kotak Bank and Axis Bank, it has shown very good strength. Only ICICI is holding up from private banks. SBI and ICICI would be leading the banking bucket.
There may be some volatility around results, so keep long term stop loss of 400