LoveForCharts

SBIN - LONG setup

Long
NSE:SBIN   STATE BK OF INDIA
This has been my fav stock in the PSU banks space.

Chart looks great on both Weekly and Daily charts. At a very critical stage right now and at resistance zone. Nice strong candle for closing and firmly up at the resistance zone, but RSI on both Weekly and Daily charts bullish and no where near overbought zones.

200 daily MA below should be strong support and positive trending stock.

Keep an eye on the whole PSU space for action.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.