State Bank of India
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Break Out Trade in State Bank of India

372
Date: 2-Apr-2022
Rating: Buy
LTP: Rs. 508.20
Target: Rs. 550 and More (will update target based on future price actions)
SL: 470

SBI has given a break out from its secondary down trend within its primary up trend. It has also broke its near term resistance level of 500 which it was trying since last 11 sessions. EMA cross over was done on 1-Apr. MACD cross over was already done and now its giving bullish signals. RSI is in buy zone and has shown positive convergence.

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