#thestocktalk - #StateBankofIndia - March 24, 2014 By observing India's largest public bank's candle ticks on the weekly and daily charts, one may make a bullish view on its stock price movement. A positive break out that has broken its 10 days trading range goes well in tandem with its index number. One may easily enter into the positional trade in the stock at these levels with a stop loss at 1550 levels with an upside target of 2000-2100 levels in near term (3-5 months). It faces some light resistance at current levels on weekly chart which may provide some good entry levels in this week.
The content on this blog gives the daily fundamental and technical outlook about the Indian Financial Markets. Reader discernment is called for !!