State Bank of India (SBIN) looks good based on chart formation
SBI looks to step out of the consolidation zone after forming a double bottom pattern.
Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock.
Always define your stop loss between 5-8% if your trade fails.
Do read my previous analysis on State Bank here..
Will watch the levels of 473, which is the daily EMA. Once this level is crossed, expect some good momentum in this stock.
Always define your stop loss between 5-8% if your trade fails.
Do read my previous analysis on State Bank here..
Comment:
Crossed 500 and stayed above it at end of day today.
Comment:
550 crossed. Sustaining above 550 is important for the next leg of upmove in this stock.
Comment:
Closed the week at 593.95.
