State Bank making Higher LOW in the last three months

SBIN continously makes higher low since May 2020. If this continues, State Bank of INDIA (SBIN) will break INR 200 resistance range and go beyond for the next run.

Trade active:

SBIN is still active.

Comment:

SBIN is making lower LOWs every trade.

Trade active:

SBIN touched 202.85 in the morning opening session (30 mins)

Trade active:

SBI Touched 204.25 intra day high.
Trading at 203.5 at the time of the update!

Trade closed: target reached:

13th Aug saw SBI close above our target price.
14th August SBI closed at INR 196.50

Swing traders can exit position. Long term investors can hold.

Trade closed: stop reached:

SBI reached intraday High of 201.5