Here are my views on SBIN
Charts shown -
Consolidation of 10 long years.
Gives a breakout of the channel with high volume.
Retest has also done.
Above 50 EMA (bullish).
RSI above 60 (bullish).
Now ready for a decent upmove.
Target 515.
SL 345 weekly close basis.
#SBIN #NIFTY50
Reliance in moving in a channel since, Nov 2016 & now near lower channel line
Above 50 EMA
facing support near 1900 -1800 (support zone)
With a SL of 1890 on weekly close basis.
We can set a target 1 of 2321
Target 2 - 2707 (Trailing SL)
Target 3 - 3249 (Trailing SL)
