SBIN for NSE:SBIN by RK_Charts

Sbi was in consolidation phase since may 2021,

and it has seen a complex correction in wave 2, in day before yesterday it has seen a minor recovery after testing the lower bollinger towards upper bollinger band , and finally in yesterday’s trading session, it broke out from the consolidation and it has also broke the high of wave 1, with daily Macd turned positive, good price action seen along with trendline breakout and also good intensity of Volume

Trendline breakout with good intensity of Volume

Key Levels are Mentioned on chart

Macd in daily positive crossover and Uptick and also above zero

Macd in hourly positive crossover and Uptick and also above zero line

Upper Bollinger band challenged in both daily and hourly along with Trendline Breakout

Rsi in both daily and hourly above 60 uptick and Breakout

DMI ADX UNGALI POSITIVE in Daily and hourly

I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing

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