SBIN looks Bullish !!!
Invest in one of the most underperforming sectors, buy SBI at current market price for a target of 500.
Reasons:
1) Triangle pattern breakout with good volumes.
2) Made a "Golden cross" the golden cross is a chart pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.. As long term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
3) MACD above signal and center.
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades i share here are provided for educational purposes only.
Reasons:
1) Triangle pattern breakout with good volumes.
2) Made a "Golden cross" the golden cross is a chart pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average.. As long term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
3) MACD above signal and center.
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades i share here are provided for educational purposes only.
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