Sbin
SBIN Showing Bearish Trend for Long Term investmentDont take any new entry in SBIN if you bought already then must use Stop loss 225.
if cames any good news for banking sector then you can some good movement otherwise Trend is Bearish .
Banking sector is not Right Time For investment wait some Years.
SBIN Very Good Opportunity Between 140-150.
Stay Tuned.......!!
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SBI, sitting on the support level, Next possible scenariosHi Guys,
As you can see from the charts that SBIN is just sitting on the support level, And kind of working on Triangle waves formation which can take a while. Generally, it breaks out in the direction of the previous trend which was an uptrend. Triangle formation basically shows a pause the trend when it completes the trend resumes in the same direction.
Price- 291.65
Target is 350
stop below 280
SBI Hourly...Guys SBIN Hourly idea keep watch...
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SBIN, PSU banks in generalSo, the time has caught up with irrational exuberance on banking sector in India.
The ridiculous rally banknifty saw over last few months lacked any fundamental push as such.
Now it all seems to be unwinding. And this is going to be good!
In this chart we see State bank of India has broken the steep weekly channel quite significantly.
260 at least would be a great target till next expiry. Will keep a watch on this!