Tech Stars : State Bank Of India (SBIN) By Religare Broking
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State Bank Of India
Buy State Bank Of India. CMP: 601.35, Initiation Range 600-602, Stop Loss 587, Target 645
TECHNICAL RATIONALE – The banking index has made a strong comeback after the muted performance in the last two weeks. SBI has also ended the formation of buying pivot while holding firmly above the support zone of short term moving average i.e. 20 EMA. The chart pattern and buoyancy on the index is pointing towards steady rise.
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