Best risk and reward idea for NSE:SBIN is to take entry at 603 with stop loss of 586 (-17 Points). My expected upside target will be 652 (+49 Points). Note: This is my personal analysis, only for learning. Thanks.
SBI has formed a higher low and is consolidating sidewards. It will break out and reach target 1 - 240 and target 2 -300. Keep stop-loss at 190rs. or when the 8 ema crosses below the 20 ema in daily charts. This will take around 3 TO 4 months.
We have Really Good Setup on SBI First Buy 175 - 180 RS if comes to that than buy someone else another entry above 200 RS
Bank Nifty have broken-down SbI has declined with heavy volumes and I expect this decline to continue . Any Pullbacks will be selling Opportunity .