Wednesday, May 18, 2011

State Bank Of India(SBIN)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


SBIN closes  at 2414.70 with a  huge fall of -7.7 % on 17 May 2011 with formation of  Long BlacK Bearish Candle   on Daily  Price Chart,after the Bad Results . Technically, SBIN  is looking extremely Bullish/Oversold on  Charts. Major Momentum indicators are now pointing at oversold zone with good Bulls Power. It indicates further price movement in upper side. If SBIN holds and trade above 2427, the Uptrend is Started.
We Recommend to BUY& Hold   –  SBIN  At  CMP
Target- 2621/2750/4100(12Month)
Stop-Loss –(For Mid Picks Only with 5% Capital Risk)
Time Frame- 5-30- Trading Days
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