Sbin
SBIN LONGOn the daily charts of SBIN, it can be seen that it is taking support of its recent trendline (yellow one) and there is a year old resistance too (green one). (OPEN CHART ABOVE)
Also, on the weekly charts, a breakout then a retracement kind of action is seen. Also there is a good buying pressure at the day end today.
This shows that soon a breakout is expected on the daily charts from the green line.
One may look for buying opportunities above 445 with good volumes and good candle body.
Expected targets could be 456, 471, 490.
Stop loss, considering buy around 445. could be at 425. TRAIL STOP LOSS
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Technical analysis talk - SBIN, NMDC and MOTHERSUMINMDC: 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 - Working at Lunch Time TooSBI 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
SBIN | Fibonacci Extension & Trendlines | Analysis | D TimeframeMy first idea guys
SBIN testing resistance at 434 a few times and showing Higher Lows Uptrend forming a Triangle/Wedge Pattern.
Along with this, FIb Extension showing Upside potential around value 425 till 430. Downside Stop loss at 420
The good Risk to Reward Ratio and the Target price is 430 within a week.






















