Keep and eye on SBI!
SBIN is testing it's resistance for the third time and there is a high probability that it can give a breakout this time.
BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through.
3 scenarios are possible;
Scenario 1
Breakout in the range of 543 and move upside to the range of 577-585, This can be the first Target.
Scenario 2
Breakout in the range of 543 and test this range as support before giving an up move.
Scenario 3
In case the stock fails to give a breakout, the immediate support would be 520. If it takes this support, further up move can be expected after a bit of consolidation.
Please perform your due diligence before taking any trade and set a stop loss according to your risk appetite.
Happy Trading :)
BANKNIFTY has also tested it's resistance for third time and has given a breakout, so there is a high chance of SBIN making it through.
3 scenarios are possible;
Scenario 1
Breakout in the range of 543 and move upside to the range of 577-585, This can be the first Target.
Scenario 2
Breakout in the range of 543 and test this range as support before giving an up move.
Scenario 3
In case the stock fails to give a breakout, the immediate support would be 520. If it takes this support, further up move can be expected after a bit of consolidation.
Please perform your due diligence before taking any trade and set a stop loss according to your risk appetite.
Happy Trading :)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.