State Bank of India (SBIN) has broken above a multi-month resistance trendline on the weekly chart with strong bullish momentum and volume. The breakout is supported by a positive RSI and rising moving averages, confirming strength.
Buy Price: ₹857 (current close)
Target: ₹950–₹1,000
Stop-Loss: ₹820–₹830
Trade Plan: Buy on weekly close above resistance. Target the next psychological and technical resistance zone. Maintain tight stop-loss below breakout levels to manage risk.
Chart and technicals suggest a sustained move up if support holds!
Buy Price: ₹857 (current close)
Target: ₹950–₹1,000
Stop-Loss: ₹820–₹830
Trade Plan: Buy on weekly close above resistance. Target the next psychological and technical resistance zone. Maintain tight stop-loss below breakout levels to manage risk.
Chart and technicals suggest a sustained move up if support holds!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.