Is it the Good time to buy the shares of SBI?

“Banks will rally”. That’s my wording towards people asking me what will be next to rally in market.

Yeah! One can buy SBI at current market price i.e. 289. If you are buying for short term gain then hold till 320 level in next 2–4 months. It’s major resistance around 320–325 level. Will tell you this by Practical.

• Below is the weekly chart of SBI of last 15 years. I will put y techniccal knowledge into it

• That’s the chart after applying technical, you can see the trend lines and the first two Rectangle box is there for giving you insight that whenever it touches the trend line, it falls after touching.

• So After zooming into the last rectangle, i got that it will go upto 320 level in next 2–4 months. ( probably in the month of June it will touch this level.

So SBI may reach 320-340 level easily in next 2–4 months.

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