Hi folks! Here is an idea that focuses on State Bank of India only. Adopting this method you will trade only State Bank of India stock / futures / options. Here is how it works: Capital: Whatever capital you wish to deploy, you will open a Fixed Deposit (FD) in State Bank of India. Presently on 1 (one) year deposit the interest rate is 6.75%. Immediately...
NSE:SBIN looks like it is bouncing from demand zone on a monthly timeframe. If this demand fails, we can see it in double digits.
NSE:SBIN clearly looks bullish, as it is in supply zone currently, long traders may hedge their positions with call short.
We are doing Analysis of SBIN on 1 Hour Timeframe. The projected target from the breakout is usually the vertical distance from the high to the bottom . Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thankyou Ankur Verma Twitter : Ankurverma3838