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Dinesh_C_Nagpal

SBIN

Long
STATE BK OF INDIA (NSE:SBIN)  
Dinesh_C_Nagpal Updated   
NSE:SBIN   STATE BK OF INDIA
Trend Analysis Technical Indicators Chart Patterns sbinanalysis statebankofindia flagnpole bankingsector bankingstocks nifty50 BANKNIFTY
3
0
trendanalysis indicator chartpattern sbinanalysis statebankofindia flagnpole bankingsector bankingstocks nifty50 banknifty
Hello and welcome to this analysis on STATE BANK OF INDIA
On FEB 15, it showed a very strong reversal after 5 days of steady decline from 550 to sub 500.
Currently on the hourly time frame it is completing a bullish flag and pole pattern suggesting upside levels of 535-540 as long as it does not break below 510.
Good Risk Reward set up here
Trade closed: stop reached
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