Chart Study - State Bank of India
From daily chart, it is clear that SBI is at a critical level.
In the coming week, if SBI trades above 2118 with volumes, it will give a beautiful swing long trade.
The next resistances for SBI come in only at 2214 and 2260.
We will be entering the trade with a risk reward ratio of 1: 3 in case SBI trades above 2118 with volumes.
Next : Bank Nifty Weekly Outlook
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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