SBI Given Breakout & at Life time high

29 lug 2021

After a narrow range within Bollinger band squeeze from end of May till today (Jul 29, 2021), a convincing BB breakout is given by SBI combined with RSI (7) above 65 on a daily chart. Looking good at current price with SL of Rs. 428. It has not only coming out of BB squeeze but also key MA bands cross has happened combined with +ve DMI.

3 ago 2021

Trade attivo

Charts are still looking good as expected. Although results are on 5th Aug, can continue to hold with same SL of Rs. 428 for now. Once crosses above Rs. 450 on closing basis, Sl can be moved to 431.

4 ago 2021

Trade attivo

Please read the results date as 4th Aug instead of 5th Aug which was by oversight. Based on chart pattern formed today (Aug 04th), Trade continues to be on Long side.