SBIN is coming up with good news like the low interest rates in home, automobile loans; but the chart data is showing negative signals. There might be some news burst out and the data will reverse so keen checking on the news of SBIN. This Analysis is for educational purpose.
I am posting this chart for the knowlege perspective of the viewers. It has achieved its part of target and the rally will continue for some days. But do not take trade here right now its is in a small consolidation zone.
A formation of double bottom chart pattern with a strong breakout. The retracement zone is not completed yet. But if the price sustains aboe 2370 the stock is ready to achieve its new targets.
