A Bullish trend was seen from middle of January of 2017 in State Bank of India stocks till date. If a buy order had been made in the third week of January at a price of 264 keeping a stop loss of 251, I think by now 30 rupees per stock the profit could have been booked.
SBIN Bullish trend using Dow Theory
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Stock Analysis
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Bullish View
Bearish View
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Good attempt, kindly try to avoid the minor top and bottom, Keep more data (1 – 2 years), Also indicate the entry and sl levels on chart itself
Just curious, your target will reach in less than 2 weeks (as shown in the image) then why duration is 3 months?
Hi Vishal Rath, Sorry for the delay in my reply as I had to attend funeral of my father inlaw. You are right within 2 weeks the target is achieved and either you can exit or hold the stock in the middle of Feb. You also get a second entry in the end of March or 1st week of April. But since this is a good stock and my personal favorite and with all the news about the merger of all State Banks across India I felt to hold this for a longer time as it will keep moving and will touch 350 plus by the end of this year and moreover the trend from January if up and I felt wise to hold the stock. From your point of view we can sell the stock and hold the profits in the form of stocks, which will decrease our risk Thanks for the feedback..
Hi EQSIS, since it was my first charting so I was still trying to know how to do a chart. However, I have taken this feedback and my other graphs have been plotted with the target, entry point and stop loss in the graph itself. Thanks for the feedback. Sorry for the delay in my reply.