the company has show breakout with big green candel.
SBIN have improved it balance sheet over the years and it is trading at all time low PE value of 8 which can go up to 16 this can result the stock price to double in medium to long term so i believe if fundamentals are good the technical indicators work way better. even if this break out fail we can Tarde in the below channel as it will not break the channel in...
As the company has improved its fundamentals and Its NPA is coming close to be as good as HDFC and KOTAK , pervious the issue that this company had was due to the management, but the management has been replaced with experienced management (ex-sbi and ex-icic). so sooner or later this stock must give an run up.