SBIN (State Bank of India)- Analysis
Bullish Levels -day closing above 844 (early risky) then 889 (safe entry if day closing above this) first target can be around 979 if sustain above this for a week or two then we can expect targets targets around 1069 to1092 then the last Stop for now would be around 1318
Bearish levels :- Day closing below 766 then 720 good support best for averaging with SL of 708 (currently it had taken a support form here and showing reversal, however if it closes below 708 for 2-3 days consider exiting) then last hope and very good support is around 640 to 607 with SL 590 for Long term Investor below this more bearish.
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Bearish levels :- Day closing below 766 then 720 good support best for averaging with SL of 708 (currently it had taken a support form here and showing reversal, however if it closes below 708 for 2-3 days consider exiting) then last hope and very good support is around 640 to 607 with SL 590 for Long term Investor below this more bearish.
**Consider some Points buffer in above levels
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
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