HI,
SBI is one of the favorite stocks of investor amongst the top Nationalised banks.
It took the stock two yrs to come back to 2011 levels (above 2550) It has to cross 2540 convincingly for further uptrend. It is interesting to note that SBIN over a period of two yrs broke 20 Moving averages , but manage to close above it. So that means whenever Sbi goes below its 20 Day Moving average, one can go long to get upside return from that level.
resis 2537 / 2550 / 2582
Supp - 2450 / 2434 / 2409
Thank you
SBI is one of the favorite stocks of investor amongst the top Nationalised banks.
It took the stock two yrs to come back to 2011 levels (above 2550) It has to cross 2540 convincingly for further uptrend. It is interesting to note that SBIN over a period of two yrs broke 20 Moving averages , but manage to close above it. So that means whenever Sbi goes below its 20 Day Moving average, one can go long to get upside return from that level.
resis 2537 / 2550 / 2582
Supp - 2450 / 2434 / 2409
Thank you
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