AxionAjay

Support & Resistance Zones in 1 DTF//SBIN

Long
NSE:SBIN   STATE BK OF INDIA
***Bullish-Trend, the Higher Highs and Higher Lows represents that, just Follow the Trend, the Trend is our Friend

>The above pattern has solid Support(3) & Resistance(5) Zones are perfectly formed.
>The Stop Loss should be strict due to the high volatile market conditions. The perfect SL would be around 525(-4.5%) according to me.
>The Target only for 1:2 Risk Reward, ideal would be 10%!
>The break-out is looking strong in 1 WTF, go watch yourself.

***SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020.

#The holding outlook as of Jun 2022 Quarter:
Promoter( Govt ): Slightly Decreased.
FII's: Decreased.
DII's: Increased.
Public: Slightly Decreased.

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