After the massive move in DLF, here is another stock that can rally fast and furious.
It has been the most hated stock in the past few months, and probably wants to give it back to bears this month.
SBI - A close above 1875 can take it fast to the 200 D EMA (2058) and possibly the 200 D SMA (2136).
The breakout is a parallel channel breakout of almost Rs. 300, and the 200 DMA is a good target to achieve - SBI has been below the 200 DMA for the last 7 months, and a rally back to 200 DMA is very much on the cards.
All the best...........happy trading
4 comments:
U Rock - as always AP.
ya .. me to looking at 2055 if 1885 sustains.. hope it will :) ..
'Rocking' will be only after the breakout happens and targets are achieved :)
AP,
since you were awol for a while here, nice to see you back in action on the blog. do keep blogging.
cheers
dj
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