State Bank of India
Viés de alta
Atualizado

SBIN - Technical Analysis with Multi-Timeframe Momentum

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📈 Technical Analysis:

Strong breakout seen on the daily chart after price moved above a key neckline zone, signaling potential trend reversal.

Price has also closed above the 200-day moving average (200 MA) on the daily timeframe – a strong bullish indicator.

On the weekly chart, there's noticeable buying momentum, with a breakout above the 50-week moving average (50 MA), confirming strength on a higher timeframe.

📊 Overall View:

Multiple bullish confirmations across daily and weekly charts suggest further upside potential.

A successful of the breakout zone could lead to strong upward continuation.

✅ Bias: Bullish
🔎 Watch Levels:

Support: Breakout zone / 200 MA

Resistance: Previous swing highs

🚫 Disclaimer: This is not financial advice. Please do your own research and consult your financial advisor before making any investment decisions.

Trade fechado: objetivo atingido

Aviso legal

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