SBIN Likely to hit its All time high(630) Again
SBIN has made breakout of 565 levels and made a close above it.
RSI is above 60 levels and banking sector has outperform nifty with help of this stocks.
SBIN has its earning release on 30th may.
Stock has retested levels of 565 and taken support at that levels which means SBIN is not likely to go below 565 levels.
SBIN has next resistance 595 levels where we can see highest OI build up.
Due to HDFC bank rating there was shakeout in SBIN also.
Let us see whether followup of this shakeout is there or not.
One can trade with SL of 573 levels.
This post is for educational purpose only.
Happy Trading !!!!
RSI is above 60 levels and banking sector has outperform nifty with help of this stocks.
SBIN has its earning release on 30th may.
Stock has retested levels of 565 and taken support at that levels which means SBIN is not likely to go below 565 levels.
SBIN has next resistance 595 levels where we can see highest OI build up.
Due to HDFC bank rating there was shakeout in SBIN also.
Let us see whether followup of this shakeout is there or not.
One can trade with SL of 573 levels.
This post is for educational purpose only.
Happy Trading !!!!
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