With today's trade we still bullish, also my favorite Cup and Handle patter which can give possibility to take stock upmove
Selling pressure affecting on SBI, study tells that one can go for short at CMP with SL of 298 And Target will around 263
As we seen today PSU Banks has bounce with good volume. One of nice counter from PSU Sector, I feel going long at CMP with SL of 166
Since cup and handle is forming and positive towards stock one can initiate at CMP for positional purpose
Long time breakout at CMP or Buy above 244, maintain SL 206
Long position can be taken here since we see breakout here so suggesting to long with SL 238 on weekly basis
Positive with today's breakout trade, Looking more upside with SL 4591
Stock closed at its crucial level i.e.176. Sustaining above 180 is important for successive breakout. If happens then we will get good move in coming months.
Sell will initiate bellow 621 for positional.
Brakout alrady done after 110, Go long for target 140 in medium term
Ready for Breakout above 153, returns will be good.