The following parameters are measured: "B" is less than 61.8% 2.61.8 BC projection @ 243 1.618 AB = CD at 237.5 1.27 AB = CD at 226 1.13XA retracement already done. Reversal target can be utilized as 218 OR 226 ? Reversal zone 243 or 237.5
SBIN looks absolutely solid on the charts. The biggest bank of India is back on track and we could see very big targets. I had previously said SBI should be bought on every dip. Check the related idea tagged with this idea. This is a brilliant move for the bank. NSE:SBIN Please like and follow.
a. Zone: Strong Bull b. Resistance 1: 248.20 c. Resistance 2: 272.10 d. Support 1: 221.25 e. Support 2: 200.30 NSE:SBIN
The scrip seems to touch 245/248 levels, where it might face some resistance, once it passes through 248 and holds above it, we might see 262 levels. Regards
Seems Breakout in SBI
From Reversal point "D" , the price has traveled as expect 226 and another 218 (low made 220) Still valid pattern 238 and 243... Look at Previous researc h:
NSE:SBIN long is still running if u find reversal then only book and go short
NSE:SBIN #happydhanteras
Good to see this stock backin action Great going & Breakout Confirmation will sharp move witness!
SBIN's previous runaway gap coincides with the 200 MA which will be a strong support for the stock. Buy at every dip. Fundamentally great numbers posted by the bank. I am starting a new telegram channel. To join my telegram channel, leave a comment with "interested." NSE:SBIN
Based monthly chart SBIN following trendline. When price reaches to the trendline It bounce back extremely well. See the Full Graph. Based on averaging, In 365 days - Return will be 139 % and for 100 % return you need to wait for 216 days!! Just My view based on the trendline analysis and previous data. Its good time to buy.... FOR LONG TERM...... atleast 1...
SBI has underperformed compared to Bank Nifty. It is likely to expect that we can see some good momentum in SBI in the coming weeks. 225 is strong resistance as of now. This stock is certainly not a pick for the long term horizon. CMP - 200 Target - 225 Position Type - Swing