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Sbin

SBIN: EARN LARGE PROFITS IN A FRONTLINE SHARESymmetrical triangle breakout in SBIN. 🔥🔥🔥 REASONS TO BUY: For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. SBI has earned Rs 2,57,323.5922 Cr. revenue in the latest financial year. It has posted decent revenue growth of 13.60 % in last 3 Years. In terms of advances, the bank reported 6.38 % YOY, rise . If you see 3 years advance growth, it stands at 13.96 %. Currently the company has a CASA ratio of 44.23 %. It’s overall cost of liability stands at 4.48 %. Also, the total deposits from these accounts stood at Rs 32,41,620.7343 Cr. The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit. PE is less than 15 Lastly, The banking industry is in boom with growing demand across India, I'm very bullish on the banking sector and the most undervalued banks stocks are in PSU space. I think the credit cycle has turned and going ahead there will be huge demand for money. SHORT TERM TARGET: 486 (12-16W) LONG TERM TARGET: 650 (52W) I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades i share here are provided for educational purposes only..
NSE:SBINLong
by Chinmayonniftyy
FY21-22 Swing Trade Idea #28: Long on SBINThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:SBINLong
by Trabot_Solutions
SBIN - Investment grade setupState Bank of India showing a multi-month breakout on a monthly chart. Breakout was preceded by an almost 10 year accumulation. Though the last phase of accumulation was pretty fast, post covid rally helped the phase. Now, it looks like the accumulation is over and the stock will trend. This is a good pick for long term investment. The stock can test 700-800 zone if price manages to stay above the channel in next 2 years. My stoploss = 335. SIP is also advisable. Note - we had shared buying from 200 zone to 400 zone previously (23 August, 2020) and had exited then. We do not have any cash positions in SBIN yet, however we intend to make a considerable position in coming months. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:SBINLong
by Market-Thalaivaa
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