Positional Call on SBI (State Bank Of India)

Hey friends, welcome to STOCK'S KNOWS. Today's article is about the Technical view of SBI (State Bank Of India).

Technical Summary of SBI:

SBI today closed around 282.85, our view on sbi is to buy around 282. 

This is a positional call, stop loss level is around 278.70 and the three targets are as follows:

Target 1 - 289
Target 2 - 298
Target 3 - 306

Image Source: Investing.com

Why we recommended buy SBI?

1.Formation of Rounding Bottom Chart Pattern.
Rounding bottom shows the ending of bearish trend and starting of the bullish trend.

2.A breakout above 280 (February Last week High).

Note: Please trail your stop loss to lock your profits.

Disclaimer: Viewer should note that all the above information is our views, please approach your Financial Adviser or do your own research before buying or selling any securities because buying and selling stocks is carrying risks of losing money.