SBI Breaks - Negative Trend - Step into Green
Fundamental View
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).
Technical View
Technical chart also looks green for SBI.
My trading system gives long on SBI.
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.
Disclaimer
This idea is only for educational purpose. Do analysis before investing or trading.
Thank You
ArunPrakash
Trader
After announcing Q4 result SBI jumps up to 5% and 8% with in a day.
Net profit jumps to Rs 3,580.8 crore in the January-March quarter compared to Rs 838.4 crore.
(Net profit includes a one-time benefit of Rs 2,731 crore from sale of stake in SBI Cards & Payment Systems.)
SBI’s asset quality improved over this quarter(Q4).
Technical View
Technical chart also looks green for SBI.
- Price level Crosses 50MA.
- Breaks the downtrend channel.
- Bullish engulfing candle on Monthly chart(Candle not closed yet).
- Very high Volume.
My trading system gives long on SBI.
Follow your system and Trade/Invest accordingly. Be safe and use opportunity.
Disclaimer
This idea is only for educational purpose. Do analysis before investing or trading.
Thank You
ArunPrakash
Trader
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