Stock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again.
While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation.
SBIN is in uptrend for a long time with a trendline support from December 2020. And it has formed short term ascending triangular pattern.
The stock has given breakout from the triangular pattern and retraced.
Buy above 487
Target at 522
Stoploss below the blue breakout line
Wait for Trendline breakout.
The stock has moved across a strong resistance at 134.
Today, Volume was less due to consolidation in minute timeframe after the stock broke the trendline.
So expect a great move after consolidation.