SBIN closed at 305.50 in cash segment and 305.30. This
stock has broken out of the range and given a clear breakout four days back.
Today the breakout has been confirmed. One can see the chart below to see the
breakout and understand the movement. One can
initiate a long position in
F&O segment or in cash segment in this stock as per their appetite and risk
bearing capability. Quantity is a key factor to trade wisely. Control on
quantity you trade is the most important part of the trading strategy you must
apply. The targets for this long trade in SBIN are 320 and 330. A strict and
closing basis Stop Loss is at 290.
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