2026-11-06 10:54:40 am | Source: Religare Broking Ltd
Stock of the day - State Bank of India Ltd Target Rs.1070 - Religare Broking Ltd
State Bank of India Ltd
Buy State Bank of India Ltd CMP (Rs) 1006.4 Range* 1000-1008 SL 970 Target 1070
* SBIN is displaying a strengthening bullish setup following a decisive breakout above its consolidation range and reclamation of the 100-day and 200-day EMAs.
* The breakout is supported by robust volume expansion, indicates improving buying interest.
* The formation of a higher low and sustained trading above key moving averages reinforce the improving price structure, signalling potential trend reversal.
* Traders may consider initiating fresh long positions within the recommended price range.
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