Break Out Trade in State Bank of India
Date: 2-Apr-2022
Rating: Buy
LTP: Rs. 508.20
Target: Rs. 550 and More (will update target based on future price actions)
SL: 470
SBI has given a break out from its secondary down trend within its primary up trend. It has also broke its near term resistance level of 500 which it was trying since last 11 sessions. EMA cross over was done on 1-Apr. MACD cross over was already done and now its giving bullish signals. RSI is in buy zone and has shown positive convergence.
Disclaimer: Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy
LTP: Rs. 508.20
Target: Rs. 550 and More (will update target based on future price actions)
SL: 470
SBI has given a break out from its secondary down trend within its primary up trend. It has also broke its near term resistance level of 500 which it was trying since last 11 sessions. EMA cross over was done on 1-Apr. MACD cross over was already done and now its giving bullish signals. RSI is in buy zone and has shown positive convergence. Disclaimer: Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
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