The Bank that India banks on SBI, looking towards an uptrend.
State Bank of India is an Indian multinational public sector bank and financial services. SBI is one of premier Indian bank which is also a Public Sector bank.
The positive aspect of the company is Zero Promoter pledge, Book value of the share increasing, FIIs increasing stake in the bank, Annual net profits are increasing, revenue of the bank is also increasing. The negative aspect of SBI is Mutual Funds are decreasing and there is a noted decrease in net cash flow of the company.
Entry in the stock can be taken after closing above 636. Targets for SBI will be 646 and 659. Long term targets in SBI will be 671 and 688. Stop loss in SBI can be maintained at a weekly closing below 588.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
The positive aspect of the company is Zero Promoter pledge, Book value of the share increasing, FIIs increasing stake in the bank, Annual net profits are increasing, revenue of the bank is also increasing. The negative aspect of SBI is Mutual Funds are decreasing and there is a noted decrease in net cash flow of the company.
Entry in the stock can be taken after closing above 636. Targets for SBI will be 646 and 659. Long term targets in SBI will be 671 and 688. Stop loss in SBI can be maintained at a weekly closing below 588.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Happy Candles Investment