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Bhrmer
Apr 9, 2021 9:01 PM

Swing opportunity in State Bank Of India  Long

STATE BK OF INDIANSE

Description

Monthly RSI- 60
Weekly RSI- 60
Daily RSI- 40

A strong breakout from a multi year channel. The price has come to the multi year resistance level which will most probably now act as a support forming a higher high, higher lows structure. As Bank Nifty recovers this stock will see new highs.

Target1- 420
Target2- 450
Time: 3-4 months(target can be achieved early too)
Comments
Essenar
Courageous when everybody else is giving a bearish outlook to SBI. In fact, I also hold similar view but mine is not an impassioned one. Hopefully, you are on the mark.
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