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Nikunj_Bangad

Technical analysis of SBIN with RSI and Moving averages

Long
STATE BK OF INDIA (NSE:SBIN)  
Nikunj_Bangad Updated   
NSE:SBIN   STATE BK OF INDIA
Trend Analysis Technical Indicators Chart Patterns sbin NIFTY BANKNIFTY long-term
3
0
trendanalysis indicator chartpattern sbin nifty banknifty long-term
From the daily chart of SBIN, the RSI indicator was showing positive divergence, and it has crossed the confirmation call for buying the stock. Even, the SBIN trend line has broken for the buying call.
Also, Heikin ashi charts gave indication for going long and Triple moving averages are also giving the same indication.
Comment:
SBIN made a high of 197. Gave us good profit points.
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