Unless you are really into big time investment, don`t make large investments at any level. Buy slowly and at intervals. As fo4r the present, you can hold if your investment horizon is over a year. If not, then wait for an uptick and get out. It will take some time to give a reasonable profit for a buy at 1800. If you plan to hold, try to add some at 1670 and at every 7-8% decline thereafter. Do sell if it goes above 1850 at any time.
From trading perspective SBI is not the best stock, however you if are an investor SBI will give you good returm in days to come. It is growing at @ 30%.
Bearish stick seen in 4 of last 5 days
Bearish stick indicates weakness in stocks
Stock ended above DMA levels in trade yesterday
Trade above DMA levels indicates strength
"Bollinger Band" indicates support at 1745 levels
"Bollinger Band" indicates resistance at 1800 levels
MACD trades in positive on weekly basis
Positive MACD indicates strength in counter
"Rate of Change" trades in positive since 15 Aug
Positive "Rate of Change" indicates strength in stock
Though as on date, the chances of this scrip moving up are limited in the absence of any trigger, (who knows, there may be a trigger in between) which may lift the stock up, but surely, by the time the 2nd quarter results are released which is not far off, SBI will pass through 1800 and you can make a partial profit or quit as per your intuition which triggered you to buy it at 1800. Good Luck
No new story for SBI,for last four weeks SBI is trading in extremly narrow range of 1650-1800, Expected is it to come down around 1600 levels which would be its best price to enter. If it breaks out 1800 level with strong close next target would be 2000. Expected is RED for this counter for the coming week.
at 1733@ i say target of 2025 with in 15 day`s u cheack my message & target achived enjoy profit. & wait for correction around 1800 level and re-enter.
SBI has been moving within Rs.300 band and facing resistance to go forward. I think it`s a HOLD for long term investors. However traders can sell and buy again at Rs 200 lower probably.
SBI has potential to go higher level. It is still trading just over half the valuation of end largest bank ICICI. I consider fair valuation shall be about 80% of ICICI considering the negatives from govt. control. On the other hand SBI got branch network at the remotest corner of India and private sector player will take ages to achieve some thing near that scale.
avijit
yes you are right about this range
but Sbi looks to me havng a good break out recently and could go beyond 2800-3000 mark in the next 6 to 9 months
| NIFTY 
