Hi... Investors
Every-time when we pick any stock for technical analysis, first we do multi time-frame analysis.
In technical analysis of SBIN on multi time-frames.
Weekly Time Frame We seen a channel, where stock trading in range of 100-130 points in every swing, each swing taking 20-30 trading sessions to complete.
Daily Time Frame on technical hand we found a Dragon Fly Doji on 14.08.2023 and consolidation of 4 trading sessions.
Levels According to me we can stand a short term position for 20-30 trading sessions on cmp (573) for first target of 620 (8%), 640 (12%) and then 680+ (18%)
Disclaimer:- I'm not SEBI certified advisor. I just shared my view over this particular stock according to my knowledge. I could be wrong. I'm not offer you to buy. You are advise to take advise from your financial advisor before trade.
Every-time when we pick any stock for technical analysis, first we do multi time-frame analysis.
In technical analysis of SBIN on multi time-frames.
Weekly Time Frame We seen a channel, where stock trading in range of 100-130 points in every swing, each swing taking 20-30 trading sessions to complete.
Daily Time Frame on technical hand we found a Dragon Fly Doji on 14.08.2023 and consolidation of 4 trading sessions.
Levels According to me we can stand a short term position for 20-30 trading sessions on cmp (573) for first target of 620 (8%), 640 (12%) and then 680+ (18%)
Disclaimer:- I'm not SEBI certified advisor. I just shared my view over this particular stock according to my knowledge. I could be wrong. I'm not offer you to buy. You are advise to take advise from your financial advisor before trade.
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