SBIN BUY IDEA 05.01.2023Best 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.
Statebank
SBI to return to precovid levelsSBI 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.
SBIN Cup and Handle Trade SetupWe have Really Good Setup on SBI
First Buy 175 - 180 RS if comes to that than buy someone
else another entry above 200 RS
State Bank Of India Bank Nifty have broken-down SbI has declined with heavy volumes and I expect this decline to continue .
Any Pullbacks will be selling Opportunity .
