SBI share price: Decoded! Technical, fundamental share analysis for stock investors
Sumeet Bagadia, Executive Director, Research at Choice Broking recommends buying in SBI in cash at 402 with stop loss of Rs 385 with target of Rs 430. Technical analysis will help the traders and investors to understand the levels of the stock. Sumeet says SBI has been trading in a bullish trend for the past couple of weeks without enabling a selling pressure; the stock has given a Rising Trendline Breakout on a weekly chart which shows a bullish presence in the counter.
SBI has sustained above the Upper Bollinger Band and Ichimoku Cloud formation, which indicates positive strengths for the long term. SBI Share price today is Rs 403.5, up Rs 8 or 2%: Reuters