Sbin
Technical analysis of SBIN with RSI and Moving averagesFrom the daily chart of SBIN, the RSI indicator was showing positive divergence, and it has crossed the confirmation call for buying the stock. Even, the SBIN trend line has broken for the buying call.
Also, Heikin ashi charts gave indication for going long and Triple moving averages are also giving the same indication.
SBI -IS it Ready to take deep dive again ?? what are your views 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.
SBIN BANK MID TERM - LIKELY BOUNCE FROM THIS 5 YEAR SUPPORT ZONESBIN chart looks bullish for midterm trade holders likely to bounce to 250 levels in the next few months.
Perfect at the support zone fo 150.
Targets can be around 190 levels for short term traders,
MIDTERM: 230 -250 in the next few months
SBIN Good Time to BUY for LONG 166 SL 160We 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.
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Thankyou
Ankur Verma
Twitter : Ankurverma3838