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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Friday, 12 August 2016

SBI:Result day-- Watch 222-217 & 241-246 for any break down or break up; NPL may drag for some more quarters---

Trading idea: SBI

 CMP: 227

 Sell around 241-246 OR around 255-260;

 TGT: 222*-217-210-204-198*-192-182*-170-155-145* (1-3/6M)

 TSL> 248 OR > 265
Note: Sustaining above 248, SBI may rally up to 255-260 zone, which may offer another strong supply zone for the scrip and only consecutive closing (3 days) above 265, it may rally further towards 275-295*-305-315* & 325*-335 in the near to long term (alternative bullish case scenario from the current trading level).

Any one holding long position in the counter or want to buy fresh, may also watch 222*-217 zone closely as the immediate support zone for the scrip.

More to be updated----

Analytical Charts: SBI








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