✅ The stock has formed a large symmetrical triangle pattern on the daily chart, with price compressing and now approaching the apex, suggesting a strong move is imminent.
✅ The recent candles show higher lows, confirming buyers are stepping in on every dip. RSI was in a falling wedge and has now broken to the upside above 62, indicating strengthening momentum.
✅ A clear breakout above the upper trendline near 825–830 with volume can lead to a sustained rally towards 880–920 levels in the coming weeks.
✅ PSU banks remain in focus with strong credit growth and stable asset quality. SBI being the largest lender, will benefit from robust business momentum.
✅ The recent candles show higher lows, confirming buyers are stepping in on every dip. RSI was in a falling wedge and has now broken to the upside above 62, indicating strengthening momentum.
✅ A clear breakout above the upper trendline near 825–830 with volume can lead to a sustained rally towards 880–920 levels in the coming weeks.
✅ PSU banks remain in focus with strong credit growth and stable asset quality. SBI being the largest lender, will benefit from robust business momentum.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.