devshahac

SBIN breakout and retest done

Long
NSE:SBIN   STATE BK OF INDIA
BO and retest done. Showed a bearish candle at retest signaling fake breakout but resistance act as strong support and its now showing bullish movement with strong breakout.
Moving average and rsi both are bullish.
Events-
  • Earning calls expected tomorrow, If results are good it inturn can boost the stock.
  • SBI jumps 16 places on fortune list.

**target of 520 range is set as per last bull run trend.**
Stop loss- 415-417

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.