SBIN analysis

27 ביוני

High wieghtage stock of Bank Nifty have touched all time high whereas Sbin has still a pending big move for is all time high. Looking past the chart Sbin has been in the a consolidation for few days which might indicates buyes are accumulating at current price. With a good breakout of other shown trandline on the chart with a small risk of Rs10 we can aim all time high target for a positon trade. Another indication for bullish view is that price have taken good support on the FIBs 50% support line