SBI: MAKING IT LARGE
Actualizado
SBI
CMP 314.5
We cannot time the market but One of the benefits of having a positional view is when your time comes you will make the most of it....
On 25th Sept 2017 It was recommended to buy SBI between 244-256 for target of 278 and in best case scenario 305... Yes Its been exactly one month but the reward is sweet and there to be seen... From average buy price of 250 to 316.95 so far. Target of 305 well achieved. That's what we have got now...
Here's the link for previous analysis
https://in.tradingview.com/chart/SBIN/OQi7XwJs-SBI-Whats-the-story/
However if you are looking to buy the stock after news of recapitalization of PSU banks you may have already missed the bus....
As an intra day trader one could have missed this spike of 18-20%
__________________________________________________________
Re capitalization of PSU Banks (2.11 lakh Cr over 2 years) although is good news in the short term but in the longer term there are a lot of questions that will need to be answered...
- how it will effect the Fiscal deficit
& more importantly
- will the banks be able to make the best use of the funds
I wont go much more into the ifs & buts...
_________________________________________________________________
So Coming back to charts and understanding important levels from here on...
Going forward we wait and see for a couple of sessions how the stock behaves here...
-303-312 is an important zone for the stock
- the stock has to sustain above this zone for further up move potential up to 354-360 levels
- how ever a close below 297 may give an indication of crack appearing for initial target of 280
- going below 280 may signal strong bearish view again
Hope it helps to Plan your trade accordingly...!!!
Take care & safe trading
CMP 314.5
We cannot time the market but One of the benefits of having a positional view is when your time comes you will make the most of it....
On 25th Sept 2017 It was recommended to buy SBI between 244-256 for target of 278 and in best case scenario 305... Yes Its been exactly one month but the reward is sweet and there to be seen... From average buy price of 250 to 316.95 so far. Target of 305 well achieved. That's what we have got now...
Here's the link for previous analysis
https://in.tradingview.com/chart/SBIN/OQi7XwJs-SBI-Whats-the-story/
However if you are looking to buy the stock after news of recapitalization of PSU banks you may have already missed the bus....
As an intra day trader one could have missed this spike of 18-20%
__________________________________________________________
Re capitalization of PSU Banks (2.11 lakh Cr over 2 years) although is good news in the short term but in the longer term there are a lot of questions that will need to be answered...
- how it will effect the Fiscal deficit
& more importantly
- will the banks be able to make the best use of the funds
I wont go much more into the ifs & buts...
_________________________________________________________________
So Coming back to charts and understanding important levels from here on...
Going forward we wait and see for a couple of sessions how the stock behaves here...
-303-312 is an important zone for the stock
- the stock has to sustain above this zone for further up move potential up to 354-360 levels
- how ever a close below 297 may give an indication of crack appearing for initial target of 280
- going below 280 may signal strong bearish view again
Hope it helps to Plan your trade accordingly...!!!
Take care & safe trading
Nota
Made a high of 347 Cmp 327
Is SBI done with its up move...???
May fall to 308 levels
Operación cerrada manualmente
SBICMP 316
From 327 to 316
Consider Booking profits in short positions as per risk appetite.
Enjoy &
Happy trading...!!!
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