State Bank of India (SBIN) - Worth a watch near breakout level!
Aggressive traders can initiate positions between 500-524.
Ideal is to wait for price to breach the level of 532.
The price may find immediate support at 495 if it fails to sustain upward momentum.
Price range between 456 and 436 acts as strong support zone.
The price is above the key moving averages of 50, 100 and 200. During the fall the price found support near the 200ema and bounced back from those level.
Note: Always keep a stop loss to manage your risk. Not a buy/sell recommendation, but a personal analysis.
Read my previous analysis on SBI here:
Ideal is to wait for price to breach the level of 532.
The price may find immediate support at 495 if it fails to sustain upward momentum.
Price range between 456 and 436 acts as strong support zone.
The price is above the key moving averages of 50, 100 and 200. During the fall the price found support near the 200ema and bounced back from those level.
Note: Always keep a stop loss to manage your risk. Not a buy/sell recommendation, but a personal analysis.
Read my previous analysis on SBI here:
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.