State Bank of India
Long
Updated

A nice 2.5:1 Risk:Reward available on a very stable security.

178
It's State Bank of India. Can be considered relatively stable.

VSA Getting compressed. Ready to release.

Green VWAP from All time high of Jun 24.

Red VWAP from Swing low of March 25 since when the stock has stayed bullish.

With overall trend supporting, one can plan a simple 1 month position trade with 2.5:1 risk to reward ratio.

Only a study, not an advice.
Trade closed: target reached
Target achieved. Successful trade!

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