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Statebank

State Bank of India - Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 865.45 Targets: (T1) Rs. 912 --> (T2) Rs. 1,023 SL : Rs. 765 Technical View: • NSE:SBIN is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 912 on 3-Jun-2024, it has retraced 16% to 761.55 level. • NSE:SBIN has breakout from it's secondary downtrend with high volume on 5-Dec-2024. • NSE:SBIN is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA is also trading above 50 DEMA. • RSI is in buy zone and trading at 62.74. MACD is bullish and trading at 10.63. • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:SBINLong
by vicky252
STATE BANK OF INDIA - MOVING TO FILL THE GAP? Price may move towards filling the gap. Wait for the price to sustain above the trendline and marked zone. Go Short if the price gets rejected from the Grey zone. Price may also retest the support once more time before moving up. Use appropriate risk-reward ratio. Always use a stop loss. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
NSE:SBINLong
by johntradingwick