After a recent upside rally SBI has retraced approx 8.5% from the resistance zone of 825-830, theafter second compression of 5% occurred. Thus I see sucessive Volatility contraction. Recent Golden Cross over clubbed with VCP is indication of good buying opportunity. Short to mid-term momentum is bullish, underpinned by strong moving averages and recent bullish crossover. My entry depends upon good bullish close with good volumes.
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