NIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
Buy 200 - 205 Stop : 165 Target : 220 , 240 , 260 , 280
SBIN - GO SHORT @ CMP WITH A SL OF 195 AND A TARGET OF 140. TARGET SHOULD BE ACHIEVED BY JULY END
SBIN MOST IMPORTANT LEVEL AND TECHNICAL VIEW
Again a buying entry in SBI SBIN State Bank of India
SBIN - GO SHORT @ CMP WITH A SL OF 190.6 AND A TARGET OF 149.4. TARGET SHOULD BE ACHIEVED BY JUNE EXPIRY
personally i don't feel comfortable, investing in psu banks, there are several reason for that.
SBIN State Bank of India looking bullish with Easy Target TP1 230 TP2 245/250
In the previous post we talked about sbi heading towards 140 levels and its almost near those levels. Now 143-140 is an important zone for the stock, if this zone doesn't take the price up, chances are stock is getting ready to take a deep dive again. Investor stay away from the stock, its not a cheap bargain yet and let the stock settle and make its way.
We are close to retesting the lows of the past few years now, clear support
I think Nifty50 had bottomed and we might soon see reversal. Fib Ret level 0.382 @ 7803.47 already tested if broken we might find support at 0.5 @ 6367.41 and I thank that's the lowest point NIFTY50 can go I don't see it breaking that level, so I think we are near the bottom and might soon see pullback to resistance level 0.236 @ 9580.28 good luck
Looks like a triangle pattern is completed as wave 4 and we may see new lows. NSE:SBIN
Buy sbi based on fibonacci retracement levels. its in consolidation zone